Businesses May Raise Capital by Assigning Its Existing Accounts Receivable

question 22

Multiple Choice

Businesses may raise capital by assigning its existing accounts receivable to a collections company or bank in return for an immediate lump-sum percentage payment.What is this method of raising capital called?

• A)Bonds
• B)Factoring
• C)Indemnification
• D)Novation
• E)Assignment

---

Definitions:

Kennedy's Assassination

The event on November 22, 1963, when President John F. Kennedy was killed by Lee Harvey Oswald in Dallas, Texas.

President Johnson

Refers to Lyndon B. Johnson, the 36th President of the United States (1963-1969), known for his domestic policies named the "Great Society."

Great Society

A set of domestic programs in the United States launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

Accomplishments

Achievements or successes achieved through effort, skill, or courage, often recognized and respected by others.