A Small Business That Uses Factoring

question 136

Multiple Choice

A small business that uses factoring:

• A)pledges its accounts receivable as collateral to obtain a loan from a financial institution.
• B)relies on a third-party consultant to apply for SBA-guaranteed loans.
• C)sells its accounts receivable to a third party to get the capital it needs.
• D)borrows money from lenders by offering them the option to convert the loan into stock in the company.

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Definitions:

Savants

Individuals who demonstrate exceptional abilities or skills in a specific area despite having developmental conditions, such as autism spectrum disorder.

Multiple Intelligences

In Howard Gardner’s theory, the six essential, independent mental capacities (linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, and personal intelligence).

Howard Gardner's

Refers to the frameworks and theories developed by Howard Gardner, particularly his theory of multiple intelligences which classifies intelligence into distinct categories.

Multiple Intelligences

A theory introduced by Howard Gardner suggesting that intelligence is not a single academic capacity, but consists of various distinct types, including linguistic, logical-mathematical, spatial, bodily-kinesthetic, musical, interpersonal, intrapersonal, and naturalistic intelligences.