Factoring Account Receivables Involves the Business Selling Its Accounts Receivable

question 5

True/False

Factoring account receivables involves the business selling its accounts receivable to a finance company,and the finance company assumes any bad-debt risk.

---

Definitions:

Analog

Referring to a type of signal or information that varies continuously over a range, unlike digital signals which are discrete.

Discrete Input

A discrete input is a type of digital signal input to a control system or device indicating a binary condition, such as on/off.

PLC

Programmable Logic Controller, a robust computer used in industrial automation for controlling machinery and processes.

Module Inserted

Refers to the action or status of having successfully connected a module, such as an I/O module, into its designated slot or position in a system.