In ____, the Exporter Sells Accounts Receivable Without Recourse

question 2

Multiple Choice

In ____, the exporter sells accounts receivable without recourse.

• A) accounts receivable financing
• B) factoring
• C) working capital financing
• D) countertrade

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Definitions:

Additional Income

Extra earnings obtained beyond the regular sources of income or revenue.

Proportional Tax

A tax whose burden is the same proportion of income for all households.

Regressive Tax

A tax whose burden, expressed as a percentage of income, falls as income increases.

Proportional Tax

A tax system where the rate remains constant regardless of the amount on which the tax is imposed.