The Selling of Accounts Receivable as a Means of Quickly

question 13

Multiple Choice

The selling of accounts receivable as a means of quickly raising cash,minimising debt collecting expenses and minimising bad debt losses is known as:

• A)Debt factoring
• B)Ageing of debtors
• C)Establishing a bill receivable
• D)Discounting

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Definitions:

Cognitive Responses

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Behavioral Responses

Behavioral responses are the actions or reactions of an individual in response to external or internal stimuli.

Affective Responses

Emotional reactions or feelings that are elicited by stimuli, events, or interactions, influencing behavior and decision-making.

Creativity

Creativity involves the ability to generate new ideas, solutions, or approaches, often leading to innovative outcomes.