The First Naval Battle in History in Which All the Fighting

question 25

Multiple Choice

The first naval battle in history in which all the fighting was done by carrier-based aircraft was the Battle of

• A) Leyte Gulf.
• B) the Java Sea.
• C) the Coral Sea.
• D) Midway.
• E) Guadalcanal.

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Maturity Factoring

A financing method where a business sells its invoices to a factor at a discount but receives payment only when the customer pays the invoice at maturity.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.

Inventory

A company's stock of the products available for sale to customers, as well as raw materials and work-in-progress that will eventually become finished goods.

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Funds that are due to a business from its clients for goods or services already provided but not yet compensated for.