Which One of the Following Statements Regarding Factoring Is Correct

question 2

Multiple Choice

Which one of the following statements regarding factoring is correct?

• A) Some banks and bank subsidiaries may provide factoring.
• B) Under with-recourse factoring, when a customer makes a payment the factoring company passes the money on to the company minus a handling fee.
• C) The discount charged by the factoring company is approximately equal to the rate charged on a secured overdraft loan.
• D) With non-recourse factoring, the company cannot sell additional accounts receivable to the factoring company after the initial amount.

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Definitions:

Self-efficacy

Self-efficacy refers to an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Defensive Self-esteem

A form of self-esteem characterized by a fragile sense of self that is highly sensitive to perceived criticism or threat.

Social-cognitive Theories

Theories that emphasize the role of cognitive processes in understanding social behavior, including how we interpret, analyze, and remember information about others and our social interactions.

Psychodynamic Theories

A framework in psychology that emphasizes the role of unconscious processes and childhood experiences in shaping personality and behavior.