Consider an Exporter That Sells Its Accounts Receivables Off to Another

question 58

Multiple Choice

Consider an exporter that sells its accounts receivables off to another firm that becomes responsible for obtaining cash from the various importers. This reflects:

• A) accounts receivable financing.
• B) consignment.
• C) factoring.
• D) a letter of credit.

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Definitions:

Derailment

A thought process disorder characterized by a person's speech and thoughts slipping off track into loosely connected topics.

Word Salad

A string of incoherent words or phrases often seen in severe cases of mental disorder, where spoken language fails to convey meaningful connections.

Clang Association

A pattern of speech characterized by the use of words that rhyme or sound similar without a logical connection, often seen in bipolar disorder or schizophrenia.

Derailment

A thought disorder in which a person's speech is characterized by a series of loosely connected ideas; often seen in schizophrenia.