Which of the Following Is a Correct Statement Regarding Methods

question 72

Multiple Choice

Which of the following is a correct statement regarding methods to speed up the collection of cash from receivables?

• A) Factoring is used frequently by companies since it is an inexpensive way to raise cash.
• B) Credit card companies will charge a fee of 20-30% of the total amount of the sale.
• C) The company that factors its receivables maintains control over the collection process.
• D) The credit card discount expense is an operating expense.

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Definitions:

Placebo Treatments

Interventions without active ingredients designed to mimic the experience of real treatments, used in research to assess the efficacy of new treatments.

Person-centered Therapy

A therapeutic model that empowers the client, emphasizing unconditional positive regard, empathy, and congruence in the therapeutic relationship.

Consumer-oriented

An approach focusing on meeting the needs and expectations of consumers, prioritizing their satisfaction and engagement.

Holistic Health

An approach to well-being that considers the whole person—body, mind, spirit, and emotions—in the pursuit of optimal health and wellness.