Which of the Following Statement Is FALSE

question 377

Multiple Choice

Which of the following statement is FALSE?

• A) Only the price system can be used to ration goods.
• B) Random assignment can be a method of rationing.
• C) Coupons can be used to ration goods.
• D) Queuing can be used for rationing.

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Definitions:

Notes Receivable

A financial asset representing amounts owed to the company by others, documented by formal agreements with repayment dates and interest.

Accounts Receivable

Liabilities of customers towards a business for availing themselves of or receiving products or services not yet paid for.

Promissory Note

A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Key Parties

Critical or main individuals or groups involved in an event, decision, or transaction.