Assume That RSF Is a Wholly-Owned Subsidiary of the Rolled

question 95

Multiple Choice

Assume that RSF is a wholly-owned subsidiary of the Rolled Steel Company.RSF provides credit financing solely for large ticket items purchased from the Rolled Steel Company.Which one of the following terms describes RSF?

• A)credit department
• B)parent company
• C)captive finance company
• D)credit union
• E)service unit

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Definitions:

Semi-invalid

Describes a state or condition where something or someone is partially, but not completely, invalid or unacceptable.

Sued

A legal process where one party files a lawsuit against another in a court of law.

Public Funds

Financial resources collected by the government, typically through taxation, to be used for public purposes and services.

Enforceability

The capability of a legal document or provision to be implemented or acted upon in a court of law.