Which of the Following Is the Best Definition of a Captive

question 331

Multiple Choice

Which of the following is the best definition of a captive finance company.

• A) A compilation of accounts receivable by the age of each account.
• B) Wholly owned subsidiary that handles credit extension and receivables financing through commercial paper.
• C) A discount given for a cash purchase.
• D) Procedures followed by a firm in collecting accounts receivable.
• E) Conditions on which a firm sells its goods and services for cash or credit.

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Definitions:

Feelings Of Depression

Affective states characterized by persistent sadness, hopelessness, and a lack of interest or pleasure in activities.

Lack Of Monetary Resources

This phrase denotes a situation where individuals or entities do not have sufficient financial assets or income to meet their needs or desires.

Leisure Activities

Activities engaged in for relaxation, enjoyment, or entertainment outside one's professional or work-related duties.

Anxiety Disorders

A category of mental health disorders characterized by excessive fear, worry, and apprehension, often leading to physical symptoms and impacting daily functioning.