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:

Organic Farming

An agricultural method that involves growing and nurturing crops without the use of synthetic pesticides, fertilizers, or genetically modified organisms.

Fish Ranching

A practice of raising fish in a controlled environment until they reach a certain size, and then releasing them into the wild for commercial harvesting at a later time.

Commercial Basis

The foundation or terms under which commercial activities are conducted, often involving considerations of cost, profit, and scalability.

Economically Successful

describes entities, such as businesses or countries, that achieve a high level of financial growth, stability, and wealth creation over time.