A Factor Purchases Receivables from Businesses for a Fee and Collects

question 104

True/False

A factor purchases receivables from businesses for a fee and collects the remittances directly from customers.

---

Definitions:

Surgery

A branch of medicine that involves the treatment of diseases, injuries, and deformities by manual and instrumental techniques.

Injections

A medical procedure involving the administration of medication or other substances directly into the body through a needle and syringe.

Therapeutic Intervention

A planned action or process intended to improve health and well-being through medical, counseling, or psychological methods.

Placebos

Substances with no therapeutic effect that are used in clinical trials as a control to test the effectiveness of treatments.