The Buyer Who Purchases and Takes Ownership of Another Company's

question 168

Multiple Choice

The buyer who purchases and takes ownership of another company's accounts receivable is called a:

• A)Payer.
• B)Pledger.
• C)Factor.
• D)Payee.
• E)Pledgee.

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Definitions:

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and promote plant growth.

Cropland

Land that is used for or suitable for the cultivation of crops for agriculture.

One-Child Policy

A population control policy formerly implemented by China, wherein families were restricted to having only one child to curb population growth.