Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) A public warehouse is a business that exists for the sole purpose of storing and tracking the inflow and outflow of the inventory.
B) A warehouse arrangement is the riskiest collateral arrangement from the standpoint of the lender.
C) Because the warehouser is a professional at inventory control,there is likely to be little loss due to damaged goods or theft,which in turn lowers insurance costs.
D) A field warehouse is operated by a third party,but is set up on the borrower's premises in a separate area so that the inventory collateralizing the loan is kept apart from the borrower's main plant.