Which of the Following Statements Regarding Factoring Is Not True

question 13

Multiple Choice

Which of the following statements regarding factoring is not true?

• A)receivables lending is the process of factoring
• B)factoring is done at a discount to the third-party purchaser
• C)factoring discounts are often a function of the riskiness of the receivables
• D)factoring speeds the inflow of cash to the seller of the receivables

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Definitions:

Older Adult

An individual who is typically aged 65 years or older, entering the later stages of life.

Old-old

A demographic term typically used to describe individuals aged 85 years and older, often characterized by increased health and care needs.

Young-old

Refers to adults typically aged 65 to 74, who are considered to be in the younger segment of the elderly population, often marked by active engagement in life activities.

Fiercely Independent

Describing a person or entity that acts with strong autonomy, often resisting influence or aid from others.