Factoring Is the Sale of Payables to a Third Party

question 46

True/False

Factoring is the sale of payables to a third party at a discount from their face value.

---

Definitions:

Personal Fulfillment

A feeling of satisfaction or happiness resulting from fully developing one's abilities or character.

Biopsychosocial Approach

An integrated perspective that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and healthcare delivery.

Late Adulthood

A stage of human development occurring in the last quarter of life, typically associated with aging and retirement.

Inborn Temperaments

Fundamental, innate personality traits present from birth, influencing behavior, mood, and interaction styles throughout life.