Factoring Without Recourse Means That the Company Must Buy Back

question 76

True/False

Factoring without recourse means that the company must buy back any bad receivables from the factor.

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Definitions:

Less Accountable

Refers to a reduced sense of responsibility or obligation to justify one's actions or decisions to others.

Social Loafing

The tendency for individuals to exert less effort when working in a group than when working alone.

Group Behavior

The ways in which people's behaviors are influenced when they are in groups, including how they interact and make decisions.

Try Hard

The act of applying significant effort or determination in order to achieve a goal or task.