The Statement Concerning Invoice Discounting That Is Not True Is

question 8

Multiple Choice

The statement concerning invoice discounting that is not true is:

• A)the responsibility for collecting the trade debts outstanding remains with the business.
• B)it is currently a more important source of funds to businesses than factoring.
• C)it is more expensive than factoring.
• D)it is a more confidential form of finance than factoring.

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Definitions:

Impending Doom

A psychological state of intense fear and anxiety, often with the belief that something catastrophic or fatal is about to happen.

Social Anxiety Disorder

Social anxiety disorder is a chronic mental health condition characterized by significant anxiety and fear of being judged, negatively evaluated, or rejected in a social or performance situation.

Public Situations

Circumstances or environments where individuals find themselves in the presence of others, affecting their behavior and perceptions.

Psychosomatic Disorders

Disorders in which psychological stress causes physiological symptoms without an underlying physical disease.