Which of the Following Is NOT an Advantage of Factoring

question 57

Multiple Choice

Which of the following is NOT an advantage of factoring?

• A) creation of a known pattern of cash flows
• B) elimination of credit and collection department
• C) accounts receivable immediately turned into cash
• D) the effective interest rate

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Definitions:

White House

The formal dwelling and office of the United States President, positioned at 1600 Pennsylvania Avenue NW, Washington, D.C.

1824

The year marked by the United States presidential election, which was ultimately decided in the House of Representatives, leading to John Quincy Adams’ presidency.

American System

An economic plan that played a prominent role in American policy during the first half of the 19th century, rooted in the belief in protectionism, a national bank, and internal improvements (such as roads and canals) to foster commerce and strengthen the nation.

Whigs

A political party active in the 19th century United States that advocated for federal government support of internal improvements and a national bank.