Which of the Following Is an Advantage of Factoring

question 50

Multiple Choice

Which of the following is an advantage of factoring?

• A) accounts receivable immediately turned into cash
• B) addition of credit and collection departments
• C) less costly form of secured short-term loans
• D) improves current ratio

---

Definitions:

Key Decision Makers

Individuals or groups who have the authority to make critical decisions within an organization or project.

Medium

A means or instrumentality for storing or communicating information.

Communication Channel

A medium through which information is transmitted from one entity to another, such as spoken language, writing, or electronic media.

Specific Purpose

A clear, concise statement that outlines the particular objective or goal of a speech, presentation, or document.