A Wholly Owned Subsidiary Whose Primary Purpose Is to Finance

question 18

Multiple Choice

A wholly owned subsidiary whose primary purpose is to finance sales of the parent company's products and services, provide wholesale financing to distributors of the parent company's products, and purchase receivables of the parent company is a

• A)captive finance subsidiary.
• B)factor.
• C)leasing agent.
• D)captive factoring agent.

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Definitions:

Humanistic

Relating to or supporting the principles of humanism, emphasizing the value and agency of human beings, individually and collectively.

Biological

Pertaining to the science of life or living organisms, focusing on their structure, function, growth, origin, evolution, and distribution.

Behavioural

Related to the actions or reactions of a person in response to external or internal stimuli.

Overcompensate

Making excessive corrections or adjustments in attempting to rectify a perceived flaw, mistake, or deficiency.