Concerning Factoring, All of the Following Are True Except

question 19

Multiple Choice

Concerning factoring, all of the following are true except:

• A) factors prefer business over consumer accounts
• B) factoring is done at a discount to the third party purchaser
• C) factoring discounts are often a function of the riskiness of the receivables
• D) factoring speeds the inflow of cash to the seller of the receivables
• E) receivable lending is the process of factoring

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Definitions:

Contextual Intelligence

The ability to understand the limits of our knowledge and to adapt that knowledge to an environment different from the one in which it was developed.

Acquire

To learn or develop (a skill, habit, or quality) over time, often through experience or instruction.

Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities, including animals, objects, or deities.

Human Qualities

Characteristics, traits, or attributes that are considered inherent or typical of humans, such as empathy, creativity, and the ability to reason.