Selling the Rights to Collect Accounts Receivable to an Entity

question 72

Multiple Choice

Selling the rights to collect accounts receivable to an entity outside the business is called _____.

• A) factoring
• B) pledging
• C) reconciling
• D) outsourcing

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Definitions:

Political Contributions

Financial donations made by individuals or entities to support political candidates, parties or causes, potentially influencing political decisions.

Corporate Social Responsibility

Refers to companies taking responsibility for the effects of their activities on the environment, consumers, employees, communities, and all other members of the public sphere.

Society At Large

A broad term referring to the general public or the greater community beyond specific groups or sectors.

Ethics Code

An ethics code is a set of principles and rules designed to guide the behavior and decision-making of members of an organization or profession.