A Business Owner Does Not Pay Interest on a Floor-Planned

question 42

True/False

A business owner does not pay interest on a floor-planned item in inventory until it is sold.

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Definitions:

Capacitance Tester

A device used to measure the capacitance (the ability of a component to store an electric charge) of various electrical components.

CCA

Cold Cranking Amps; a rating used to describe a battery's ability to start an engine in cold temperatures.

Sealed Lead-Acid Battery

A type of rechargeable battery that uses lead peroxide and sponge lead, contained in a sealed unit to prevent leakage and reduce maintenance.

Carbon Pile Testing

A method for assessing the performance of an electrical component or system, such as a battery or alternator, by applying adjustable loads.