A Transaction in Which a Company Sells Its Receivables and Immediately

question 47

Multiple Choice

A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____.

• A) adjusting
• B) assigning
• C) factoring
• D) discounting

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Definitions:

Figure-Ground

The organization of the visual field into objects (the figures) that stand out from their surroundings (the ground).

Visual Cliff

A laboratory device for testing depth perception in infants and young animals.

Depth Perception

The ability to see objects in three dimensions although the images that strike the retina are two-dimensional; allows us to judge distance.

Distinct Groups

Collections of individuals separated by clear, defined characteristics or criteria that set them apart from others.