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

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Definitions:

Formal Communication Channels

Established pathways for message flow within an organization, often documented and hierarchical, such as memos, email, and reports.

Formal Structure

The officially designated arrangement of roles, responsibilities, and relationships within an organization.

Authority

The officially sanctioned power or right to make decisions, direct others, and enforce obedience within a specific context or organization.

Patterns of Communication

Patterns of communication are the typical pathways and methods through which information is shared among members within an organization or social group.