Factoring

question 3

Multiple Choice

Factoring:

• A)is a more expensive method of financing than borrowing from a bank.
• B)places the risk of uncollected accounts receivable on the small business owner.
• C)is best used as a long-term source of capital.
• D)is a type of trade credit.

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Definitions:

Gauze Sponges

Sterile, absorbent pads made of cotton or synthetic fabric used in medical settings for wound care and absorption of fluids.

Excessive Blood

This term could refer to conditions where there is an abnormally large amount of blood within the body or an area of the body, typically relating to bleeding or hemorrhage.

Sutureless Closures

Medical techniques used to close wounds without traditional sutures, utilizing alternative materials or adhesives.

Adhesive Material

A substance used for sticking objects or materials together; typically a glue, cement, or paste.