A Company May Sell Its Accounts Receivable to a Factor

question 64

Multiple Choice

A company may sell its accounts receivable to a factor to

• A)speed up the collection of accounts receivable.
• B)hide the receivables from creditors.
• C)avoid selling on account.
• D)allow its customers more time to pay their bills.

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Definitions:

Human Relations Skills

Abilities to interact effectively and harmoniously with other people.

Workplace Competition

The rivalry among employees or organizations in a professional setting, aimed at achieving recognition, reward, or advancement.

Meaningful Career

A career path that holds personal significance and purpose for an individual, often aligning with their values, passions, and strengths.

World Markets

Global platforms where goods, services, currencies, and securities are traded internationally.