In Financing Terms, What Is Factoring

question 98

Multiple Choice

In financing terms, what is factoring?

• A) buying the accounts receivable of other firms
• B) selling the accounts payable to other firms
• C) dividing the accounts receivable and forgiving some of the receivables
• D) dividing the accounts payable and forgiving some of the debt

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Definitions:

Growth Spurt

A rapid increase in height and weight, typically occurring during puberty.

Physical Changes

Alterations in the physical state or appearance of a substance or organism, without changing its chemical composition.

Stocky

Describes a person's build as being broad, solid, and often short, suggesting a sturdy physical form.

Obesity

A medical condition characterized by excessive body fat accumulation, increasing the risk of health problems.