A Company Sells Its Accounts Receivable to a Financial Institution

question 14

Multiple Choice

A company sells its accounts receivable to a financial institution that is in the business of buying accounts receivable at a discount.This sale is called:

• A)bartering
• B)collateralizing
• C)factoring
• D)countertrading
• E)buying on the short

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Definitions:

Learning Needs

The requirements for knowledge or skill development necessary for an individual to effectively perform tasks or understand specific subjects.

Discharged

The process of releasing a patient from a hospital or medical facility after treatment.

Self-injection

The process of administering one's own medication directly into the body using a syringe or similar device.

Insulin Pen

A medical device used for the injection of insulin in the management of diabetes, designed to be convenient and less painful than traditional syringes.