The Process That Transfers the Responsibility for Collecting Accounts Receivables

question 280

Multiple Choice

The process that transfers the responsibility for collecting accounts receivables from a firm to a bank in exchange for a percent of the accounts receivables value is referred to as:

• A) Factoring.
• B) Issuing trade credit.
• C) Field warehousing.
• D) Trust receipting.
• E) An assignment.

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Definitions:

Battery Charger

An apparatus designed to inject energy into a rechargeable battery or secondary cell by propelling an electric current through it.

Electrolyte

A substance that produces an electrically conducting solution when dissolved in water, pivotal in battery operation and biological fluids.

Recycling

The process of converting waste materials into new products to prevent the waste of potentially useful materials.

Integral Charge Indicator

A feature in some battery systems that shows the current state of charge, often integrated directly into the battery itself.