Factoring Accounts Receivable Is Relatively an Inexpensive Source of Unsecured

question 30

True/False

Factoring accounts receivable is relatively an inexpensive source of unsecured short-term funds that allows firms to turn accounts receivable immediately into cash.

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Definitions:

Resourcefulness

The ability to find quick and clever ways to overcome difficulties.

Assertive

Confident, persistent manner of communicating one’s thoughts and ideas, in a positive manner.

Habitual Tardiness

Habitual tardiness refers to the consistent pattern of being late or delaying arrival to scheduled appointments, obligations, or commitments.

Office Manager

A role responsible for ensuring the smooth operation of an office, overseeing administrative staff, and handling day-to-day administrative tasks.