Which of the Following Statements Is Correct

question 123

Multiple Choice

Which of the following statements is correct?

• A) In a factoring arrangement,the factor always performs three functions: (1)credit checking, (2)lending,and (3)receivables collection.
• B) The pledging of accounts receivable involves a transfer of the risk associated with accounts receivable from the borrower to the lender.
• C) In a factoring arrangement,the seller can select various combinations of credit checking,lending,and risk bearing the factor performs by changing provisions in the factoring agreement.
• D) In a factoring agreement,the factor would not perform the credit checking and risk taking functions without performing the lending function,because the former are required before the factor can lend to the seller.
• E) The financing of accounts receivable involves an agreement which is informal and non-binding,which makes it difficult for the factor to protect itself.

Recognize the diversity in human groups based on ethnicity, religion, and cultural practices.

Understand the role of socio-economic factors in individual development.

Acknowledge the influence of peer groups and social environments on personal development.

Embrace psychological and societal mechanisms that contribute to individual differences.

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Definitions:

Exclusionist Culture

A societal model that systematically denies certain groups access to rights, resources, and opportunities.

Free Blacks

African Americans who were not enslaved and lived freely during the periods of slavery in the United States, some of whom owned property and even slaves.

Antebellum Period

The time period in the United States before the Civil War, noted for its growing divisions over slavery.

Population

The total number of people inhabiting a particular area or country.