Factoring Occurs When a Business Sells Its Receivables to a Finance

question 70

True/False

Factoring occurs when a business sells its receivables to a finance company or bank.

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests, where most scores are near the average and few are very high or very low.

Raw Scores

The original, unmodified scores obtained directly from a test or assessment before any adjustments or conversions are applied.

Normal Curve

A bell-shaped curve that represents the distribution of scores on many psychological tests where most occurrences take place in the middle of the distribution.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.