Which of the Following Is NOT an Advantage of Factoring

question 29

Multiple Choice

Which of the following is NOT an advantage of factoring?

• A) Creation of a known pattern of cash flows.
• B) Accounts receivable immediately turned into cash.
• C) Elimination of credit and collection department.
• D) The effective interest rate.

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Definitions:

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

Human Rights

The inherent rights that every person is entitled to, regardless of race, nationality, gender, or religion, including the rights to life, freedom, and expression.

Eradicate Corruption

The act of eliminating dishonest or fraudulent conduct by those in power, typically involving bribery or embezzlement, aiming to establish integrity in all processes.

Mineralogist

A scientist who specializes in the study of minerals, their composition, structure, properties, and the processes that lead to their formation.