Factoring accounts receivable is relatively an inexpensive source of unsecured short-term funds

Indicate whether the statement is true or false

FALSE

Business

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The billing practice known as a ____ happens when a minimum demand charge for electrical power is based on demand during some peak period of the year, rather than just during the current billing period

a. ratchet clause b. fuel clause adjustment c. peak-use surcharge d. level-billing fee

Business

A(n) _____ card contains an electronic strip that stores and modifies information as transactions take place

a. smart b. debit c. credit d. interactive

Business