A payment system that uses computerized electronic impulses to effect a cash transaction is called electronic funds transfer (EFT)
Indicate whether the statement is true or false
True
You might also like to view...
When a consumer debtor completely fulfills all debts and obligations secured by a financing statement, she is entitled to a termination statement signed by the secured party or an assignee of record.
Answer the following statement true (T) or false (F)
Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting analysis for a new product?
A. Revenues from an existing product would be lost as a result of customers switching to the new product. B. Shipping and installation costs associated with a machine that would be used to produce the new product. C. The cost of a study relating to the market for the new product that was completed last year. The results of this research were positive, and they led to the tentative decision to go ahead with the new product. The cost of the research was incurred and expensed for tax purposes last year. D. It is learned that land the company owns and would use for the new project, if it is accepted, could be sold to another firm. E. Using some of the firm's high-quality factory floor space that is currently unused to produce the proposed new product. This space could be used for other products if it is not used for the project under consideration.
It is not advisable to accept a note receivable in exchange for an overdue account receivable.
Answer the following statement true (T) or false (F)
A significant trend affecting business has been the bringing of defamation suits against former employers by discharged employees. Such suits comprise approximately what share of all defamation lawsuits?
a. One fifth. b. One fourth. c. One third. d. One half.