Consider an Exporter That Sells Its Accounts Receivables Off to Another

question 35

Multiple Choice

Consider an exporter that sells its accounts receivables off to another firm that becomes responsible for obtaining cash from the various importers. This reflects:

• A) accounts receivable financing.
• B) consignment.
• C) factoring.
• D) a letter of credit.

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Definitions:

Responsibilities

The state or fact of having a duty to deal with something or of having control over someone.

Feeding

The act of supplying food to individuals or organisms for growth, health, and survival.

Negative Emotions

Feelings that are generally unpleasant or undesirable, such as sadness, anger, fear, or jealousy.

Anxiety

Anxiety is a mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.