The Basic Unit of Stock Is Called A(n)

question 33

Multiple Choice

The basic unit of stock is called a(n) :

• A)authorization.
• B)certificate.
• C)share.
• D)ownership record.

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Definitions:

Quality of Receivables

An assessment of the likelihood that the amounts owed to a business by its debtors will be collected.

Likelihood of Collection

An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.

Factoring Fee

A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.

Accounts Receivable

Outstanding payments due to a firm from its clients for delivered services or products yet to be settled.