An Organization That Engages in Accounts-Receivable Financing by Purchasing the Accounts

question 52

Multiple Choice

An organization that engages in accounts-receivable financing by purchasing the accounts outright is referred to as a:

• A) field warehouse firm
• B) commercial finance company
• C) factor
• D) commercial paper house

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Definitions:

Fries's Rebellion

A tax revolt among Pennsylvania Dutch farmers in the late 1790s, protesting federal property taxes to fund an undeclared war against France.

Federalists

A political group that supported the adoption of the U.S. Constitution, favoring a strong federal government and a system of checks and balances.

John Fries

The leader of Fries's Rebellion, a tax revolt among Pennsylvania Dutch farmers in the late 18th century.

Kentucky Resolution

An 1798 statement penned by Thomas Jefferson, arguing that the U.S. states have the right to nullify federal laws that those states consider unconstitutional.