MNCs Can Use ____ to Sell Their Existing Accounts Receivable

question 57

Multiple Choice

MNCs can use ____ to sell their existing accounts receivable as a means of obtaining cash.

• A) factoring
• B) a bill of lading
• C) a banker's acceptance
• D) a letter of credit

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Definitions:

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about their financial situation and the overall state of the economy.

Social Stratification

A system by which a society ranks categories of people in a hierarchy, based on factors like wealth, income, race, education, and power.

Social Class

A division of a society based on social and economic status.

Social Strata

Layers within a society, formed based on various criteria such as wealth, occupation, and education, which define a person's social standing or class.