Factoring Arrangements

question 73

Multiple Choice

Factoring arrangements

• A) are ways to accelerate receivable collections.
• B) involve no commissions or service charges because the factor is guaranteed collections on the due date.
• C) are generally used by businesses that are insolvent.
• D) are mainly used in the textile and furniture industries.

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Definitions:

Genes

Units of heredity made up of DNA, responsible for governing characteristics and traits passed from parents to offspring.

Father Care

The involvement and care provided by a father to his children, which can include emotional support, physical care, and financial provision.

Unconscious Patronization

The act of treating someone with an apparent kindness that betrays a feeling of superiority, without being aware of doing so.

Prejudice

Preconceived opinion or bias, often stemming from stereotypes, towards an individual or group without sufficient knowledge, reason, or direct experience.