A Factor Engages in Accounts Receivable Financing for Business by Purchasing

question 61

True/False

A factor engages in accounts receivable financing for business by purchasing accounts outright and assuming all credit risks.

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Definitions:

Rungs

The horizontal lines found in ladder logic diagrams representing electrical circuits, where each rung signifies a unique control element or condition.

Input

In computing and electronics, an input is the signal or data received by a system or component.

Normally Closed

A term used to describe a switch or contact configuration where the default state is making contact (closed), allowing current flow until actuated to open.

Stop Buttons

Manual control devices used to halt machine operations or processes, typically as a safety or emergency measure.