Which of the Following Is Not True Regarding Factoring Accounts

question 48

Multiple Choice

Which of the following is not true regarding factoring accounts receivable?

• A) Accounts receivable balances are removed from the balance sheet
• B) It is a sale of accounts receivable
• C) Factor makes the credit decision
• D) There are audit fees for periodic reviews

Understand and identify behaviors that undermine collaboration within health care teams.

Understand the principles and practices that ensure patient safety and minimize medication errors.

Identify and implement strategies to promote a positive safety culture within healthcare settings.

Recognize and utilize standard order sets and verification processes for medication administration to prevent errors.

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, summing the total value of all goods and services produced over a specified time period.

Federal Government Revenue

The income the government receives from taxes, fees, and other sources to fund public services and goods.

State

Is an organized political community under one government; can refer to a country or a specific government jurisdiction within a country.

Local Government Revenue

The funds collected by municipalities and local authorities through various means such as taxes, fees, and grants, which are used to finance public services and infrastructure.