Which Statement Is Correct

question 49

Multiple Choice

Which statement is correct?

• A)A transfer with recourse means that the purchaser of the receivables takes the collection risk.
• B)A transfer without recourse means that the seller of the receivables takes the collection risk.
• C)Factoring with recourse negatively impacts the working capital ratio.
• D)Factoring without recourse creates a liability on the balance sheet.

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Definitions:

Frontal Lobe

The part of the brain located at the front of the skull, responsible for voluntary movement, expressive language, and managing higher level executive functions.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Positive-emotion Words

Words that are used to express or evoke feelings of joy, happiness, love, and other positive emotions.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.