Examlex
Choose the INCORRECT statement.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a company.
Short-term Liabilities
Financial obligations of a business that are due to be settled within one year, such as accounts payable, short-term debts, and accrued expenses.
Automatic Financing
A preapproved loan where funds are automatically available when needed.
Factoring Receivables
A transaction in which a company trades its outstanding invoices to another entity at a lower value to quickly secure cash.
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