Misrepresentation of law is a fraud that occurs when a person makes a statement of fact that he or she honestly and reasonably believes to be true even though it is not
Indicate whether the statement is true or false
FALSE
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Frederick Company borrows $63,000 from First City Bank and pledges its receivables as security. Which of the following is true regarding this transaction:
A. Frederick Company no longer has the risk of bad debts. B. Frederick Company's financial statements must disclose the pledging of receivables. C. First City Bank is the factor in this transaction. D. First City Bank takes ownership of the receivables at the time of the pledge. E. No journal entry is required for this event.
Which of the following statements is true about warehousing costs?
a. Warehousing costs are a significant part of logistics costs. b. Warehousing costs are an unnecessary part of logistics costs. c. Warehousing costs can be minimized by manufacturing the right products. d. Warehousing costs are strongly influenced by need for quality inspection.
Globalization and expansion of product lines have resulted in ______.
a. increased randomness and volatility of demand for products b. predictable demand for products c. stabilized revenue for companies d. improved customer satisfaction
The most common tactic to arrange departments in a process-oriented layout is to minimize material handling costs
Indicate whether the statement is true or false