Factoring Arrangements

question 73

Multiple Choice

Factoring arrangements

• A) are ways to accelerate receivable collections.
• B) involve no commissions or service charges because the factor is guaranteed collections on the due date.
• C) are generally used by businesses that are insolvent.
• D) are mainly used in the textile and furniture industries.

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Definitions:

McDonaldization

The process by which the principles of the fast-food industry, such as efficiency, predictability, and control, dominate other sectors of society.

Performance Indicators

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Government Funding

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