Factoring Accounts Receivable Is Relatively an Inexpensive Source of Unsecured

question 142

True/False

Factoring accounts receivable is relatively an inexpensive source of unsecured short-term funds.

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Definitions:

Probability

A method of determining the likelihood of an event's occurrence, rated between 0 and 1.

Business Class

A travel class on commercial transportation, especially flights, offering higher quality service than economy class but at a higher cost.

Plastic Arrow

A type of arrow made primarily from plastic components, often used for recreational archery or as a learning tool.

Probability Assignment

The process of attributing a numerical likelihood to the occurrence of an event.