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

question 102

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:

Constituents

The residents or voters within a district represented by an elected official, to whom the official owes their duties.

Legislator

An elected official who is responsible for making or enacting laws within a legislative body, such as a parliament or congress.

Representatives

Elected officials in the legislative branch of government tasked with making and enacting laws, typically on behalf of a specific geographic area or constituency.

Casework

The assistance provided by members of legislative bodies to constituents dealing with governmental agencies and systems, often involving personal problems or requests.