Examlex
Which of the following statements is TRUE?
Spontaneously
Occurring without external cause, acting or done impulsively and without premeditation.
Firm's Operations
The day-to-day activities involved in running a business, including production, marketing, and sales functions.
Pledging Accounts Receivable
Using accounts receivable as collateral to secure a loan.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.
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