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:

Undergo Surgery

The process of receiving medical operations to treat injuries, diseases, or to improve bodily functions.

Hypnosis

Hypnosis is a trance-like state of focus and concentration achieved with the help of a clinical hypnotherapist. This state is often used to explore thoughts, feelings, and memories that may be hidden from conscious awareness.

Sensory Input

Information received by the senses (sight, sound, touch, taste, and smell) that is then processed by the brain.

Gate-Control Theory

A theory proposing that the spinal cord contains a neurological "gate" that either blocks pain signals or allows them to continue on to the brain.