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:

Matched-Guise Technique

A research method used in sociolinguistics and social psychology to assess attitudes towards different languages, dialects, or accents by having participants react to the same speaker presenting in different guises.

Thurstone Scale

An 11-point scale with 22 items, 2 for each point. Each item has a value ranging from very unfavourable to very favourable. Respondents check the items with which they agree. Their attitude is the average scale value of these items.

Breath-Testing Device

A tool used to measure the concentration of alcohol in an individual's breath, commonly used in law enforcement to determine impairment.

Putting Words in Sequence

The act of arranging words to form coherent sentences, an essential skill in both oral and written communication.