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.

Recognize the causes and effects of economic recessions and depressions in U.S. history.

Identify the impact of governmental policies on U.S. economic development from the 20th century to the present.

Distinguish between periods of economic boom and bust in the U.S. history.

Understand the role of agriculture in the economic development of the U.S. and its evolution over time.

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Definitions:

Economic Thinking

A way of analyzing problems by considering the costs and benefits of different choices and actions.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing what is lost when one choice is made over another.

War on Terrorism

A global military, political, and ideological struggle, primarily led by the United States, to prevent and combat terrorism.

Airport Security

The techniques and methods used in an effort to protect passengers, staff, and planes from malicious harm, crime, and other threats.