Which of the Following Statements Is FALSE

question 41

Multiple Choice

Which of the following statements is FALSE?

• A)A public warehouse is a business that exists for the sole purpose of storing and tracking the inflow and outflow of the inventory.
• B)A warehouse arrangement is the riskiest collateral arrangement from the standpoint of the lender.
• C)Because the warehouser is a professional at inventory control,there is likely to be little loss due to damaged goods or theft,which in turn lowers insurance costs.
• D)A field warehouse is operated by a third party,but is set up on the borrower's premises in a separate area so that the inventory collateralizing the loan is kept apart from the borrower's main plant.

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Definitions:

Student Loan

Financial aid designed to help students pay for tertiary education expenses, such as tuition, books, and living costs, which is required to be repaid with interest.

Interest

Interest refers to the feeling of wanting to learn more about something or to be involved in something.

Scholarships

Financial aid awards designed to support students' education, awarded on the basis of academic or other achievements.

FAFSA

Stands for Free Application for Federal Student Aid; it is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.