Which of the Below Statements Is FALSE

question 26

Multiple Choice

Which of the below statements is FALSE?

• A) Securitizations of assets/receivables to arise in the future are referred to as future flow securitizations.
• B) The types of real estate-related assets that have been securitized include consumer and commercial loans/receivables.
• C) Consumer loans/receivables that have been securitized include auto loans and leases, credit card receivables, student loans, and home improvement loans.
• D) Commercial loans/receivables that have been securitized include trade receivables, equipment leases, operating assets, franchise loans, small business loans, and whole businesses.

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Definitions:

Product X

A placeholder name commonly used to refer to a generic or unspecified product in discussions or examples.

Activity-based Costing

An approach to assigning an organization's overhead costs to specific products or services based on the activities undertaken to produce those products or services.

Direct Labour-hours

Direct labor-hours are the total hours spent by workers who directly contribute to the manufacture of a product, a direct measure of labor input.

Activity Cost Pools

Aggregations of all the costs associated with specific activities, used in activity-based costing to allocate costs more accurately.