Which of the Following Is INCORRECT Regarding Factoring of Receivables

question 108

Multiple Choice

Which of the following is INCORRECT regarding factoring of receivables?

• A) Factoring usually involves a sale to only one company.
• B) The fees are relatively high.
• C) The quality of the receivables may be lower.
• D) The seller usually continues to service the receivables.

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Definitions:

Labor Relations

The relationships and interactions between employers, employees, and their representatives, often within the context of negotiation and collective bargaining.

Collective Bargaining Process

The procedure where employers and representatives of employees negotiate labor contracts concerning wages, hours, benefits, and working conditions.

Collective Bargaining Agreements

Legally binding agreements between employers and a group of employees, often negotiated by a union, that specify wages, hours, and other terms and conditions of employment.

Collective Bargaining

The process by which employers and unions negotiate employment terms such as wages, hours, and conditions.