To Reduce the Cost of Collecting Its Accounts Receivable, a Company

question 24

Multiple Choice

To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. The service is called:

• A) collection agency advance
• B) lock-boxing
• C) Factoring
• D) Funding

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Definitions:

Fixations

Persistent focus of the id's pleasure-seeking energies at an earlier stage of psychosexual development, in which conflicts were unresolved.

Fixation

An obsessive interest or attachment to a person, object, or concept, which may hinder psychological development.

Reading Speed

The rate at which a person is able to read and understand text, typically measured in words per minute.

Ambiguous Words

Words that have more than one meaning or interpretation.