Identify a Characteristic of Factoring as a Form of Accounts

question 45

Multiple Choice

Identify a characteristic of factoring as a form of accounts receivable financing.

• A) It is an inexpensive method of financing.
• B) It quickly turns receivables into cash.
• C) It ensures that there is no interest charged for money advanced.
• D) It imposes on its users a credit agency fee.

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Definitions:

Myelination

The process of forming a myelin sheath around a nerve to allow nerve impulses to move more quickly.

Phenotype

The set of observable characteristics of an individual resulting from the interaction of its genotype with the environment.

Phenotypes

Refers to observable characteristics or traits of an organism that result from the interaction of its genotype with the environment.

Genotypes

The genetic constitution of an organism, determined by its specific set of genes.