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:

Commit

To commit is to pledge or dedicate oneself to a cause, activity, or task with a sense of responsibility and earnestness.

Job Offers

Proposals or invitations for employment, typically extended by employers to potential employees after a successful interview or recruitment process.

Except

Used to specify a exclusion, indicating a scenario or instance that does not follow the general rule.

Chronic Stress

A prolonged and constant feeling of stress that can deteriorate one’s health and well-being.