Please help me answer the following question:

This is true or False please also provide explanations why such answer.

1. Bad debts reserve shall be made when a receivable is deemed to be uncollectible due to a customer's inability to pay. (True or False)
2. Accounts receivables selling helps a company speed up its cash flow, thereby enabling it to more readily pay its current obligations and grow. (True or False)
3. When a customer/borrower wants to know how much balance he or she has reflecting his/her purchases on credit/borrowings and payment during a given period, a monthly statement of account should be prepared for him. (True or False)
4. Unlike nonrecourse factoring, a factoring client would not be required to exchange or repurchase invoices in the case of non-payment by customer. (True or False)
5. The Deed of Assignment acts a main document between the buyer and seller to show proof of ownership in favor of the seller. (True or False)
6. There is no better source of information about a business than the business itself. Direct contact with the principals provides the credit executive with financial details, bank and trade references, and other information of importance. (True or False)
7. The turnover of accounts receivables may be calculated by finding the relationship between the average balance of the book of accounts and the credit sales for the period. (True or False)
8. In layman's terms, a non recourse factoring program is one where the client agrees to be ultimately responsible for the invoice if a client's customer does not pay within the recourse period. (True or False)
9. As a matter of principle, borrowers almost always favor recourse loans, while lenders almost always favor non-recourse loans. (True or False)
10. If the bad debt reserve is accurately estimated, then a company's net income will not be reduced when the debts are actually written off as being uncollectable. (True or False)
11. Model Inventory is a Model documentation that is understandable and sufficiently detailed to allow for precise replication should the need arise. (True or False)

12.Validate the preliminary risk assessment conclusions by conducting on-site transaction testing. The purpose of working these samples includes the following EXCEPT:

a.verifying adherence to bank policies.

b.determining whether the bank maintains adequate documentation of analysis and decisions.

c.verifying whether MIS reports accurately capture exception information.

d.determining whether practices exist that are inconsistent with bank policy or are not

e.adequately depicted in existing management reports.

f.Evaluate management and the planning process

13.Regular monthly payments add structure and discipline to the lending arrangement, provide regular and ongoing contact between the bank and the borrower, and allow the borrower to demonstrate and the bank to assess continued willingness and ability to repay the obligation over time.What is it?

a.Deed of Assignment

b. Surety bond

c. Asset Securitization

d.Deferred payment programs

e. Letters of Credit

14.You can increase your credit score if you:

a.have additional credit inquiries.

b.have a history of late payments.

c.successfully manage several types of credit.

d.borrow more.

15.One difference between a debit card and a credit card is that

a.debit cards generate unsecured debt.

b.debit cards can only be used for large transactions.

c.payments made with a debit card are immediately deducted from your bank account.

d.debit cards provide better consumer protection.