When a Business Factors Its Accounts Receivables,the Business ________

question 87

Multiple Choice

When a business factors its accounts receivables,the business ________.

• A) uses the receivables as security for a loan
• B) no longer has to deal with the collection of the receivables from the customers
• C) receives the total amount of the receivables from the factor
• D) receives cash, less an applicable fee, after the factor collects from the customers

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Definitions:

Motor-Control

The process by which humans and animals use their brain and nervous system to activate and coordinate the muscles and movements of the body.

Endocrine System

A collection of glands in the body that secrete hormones directly into the circulatory system to regulate processes such as growth, metabolism, and mood.

Hormones

Chemical messengers produced by the body's glands that regulate various bodily functions by traveling through the bloodstream to organs and tissues.

Chemical Messengers

Substances, such as hormones and neurotransmitters, that transmit signals and information between cells and throughout the body.