Factoring Is an Option Available to a Business to Reduce

question 193

True/False

Factoring is an option available to a business to reduce the risk of uncollectible accounts receivable.

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Definitions:

Supreme Court Decision

A ruling handed down by the Supreme Court, the highest federal court in the United States, which sets a legal precedent.

Electoral College

A group of representatives created by the United States Constitution to officially elect the President and Vice President, according to the popular votes from each state.

Constitutional Amendment

A change or addition to the constitution, a process that allows for the legal and formal adjustment of the constitution's contents.

Abolishing

The act of formally putting an end to a system, practice, or institution.