Which of the following are benefits of a just-in-time inventory system? 1. Inventory cost reductions II. Less need for warehouse space III. Fewer sales invoices Select one: O A. I, II, and in O B. I and Il only O C. I only OD. I and III only Which of the following is true of factoring accounts receivable? 1. Accounts receivable are being sold to a factoring firm at a discount from full value II. The selling firm is taking on additional risk that payment will not be made for its accounts receivable III. The factoring firm is making a loan to the selling firm for its accounts receivable Select one: o a. I and III only ob. I only O c. I and Il only O d. I, II, and III Which of the following is true of commercial paper? 1. Commercial paper is usually issued below the prime lending rate II. Commercial paper must be secured by specific corporate assets III. Commercial paper requires no compensating balances Select one: O A. I and II only O B. I, II, and I o C. I and Ill only OD. I only