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:

Washing Hands

The act of cleaning one's hands with soap and water to remove dirt, germs, and other contaminants.

Survivor Guilt

A psychological condition where individuals feel guilty for surviving a traumatic event when others did not, often accompanied by feelings of sadness and unworthiness.

Economic Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, typically identified by a fall in GDP in two successive quarters.

Lay Off

Temporarily or permanently terminating a worker's employment, often due to economic downturns or organizational restructuring.