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:

Ultrafine Suspended Particles

Microscopic particles suspended in the air, which can pose serious health and environmental risks.

Penetrate

To enter or pass through something, often by overcoming resistance.

Lungs' Natural Defences

Mechanisms within the respiratory system that protect the lungs from infection and pollution, including mucous production and cilia action.

World Health Organization

An international public health agency of the United Nations dedicated to improving health conditions and achieving the highest level of health for all people worldwide.