Which of the Following Statements Is FALSE

question 15

Multiple Choice

Which of the following statements is FALSE?

• A)The Check Clearing for the 21st Century Act (Check 21),which became effective on October 28,2004,eliminated the disbursement float due to the check-clearing process.
• B)Trade credit is,in essence,a loan from the selling firm to its customer.
• C)The accounts receivable balance represents the amount that a firm owes its suppliers for goods that it has received but for which it has not yet paid.
• D)Providing financing at below-market rates is an indirect way to lower prices for only certain customers.

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Definitions:

Ambiguity

The quality of being open to more than one interpretation, unclear, or inexactness in language, making understanding challenging.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.

Personal Conflicts

Disputes or disagreements resulting from differing interests, values, or needs between individuals.

Tensions

Psychological states or situations characterized by stress, conflict, or strain arising from competing demands, needs, or interests.