Which of the Following Statements Is True About Factoring Without

question 98

Multiple Choice

Which of the following statements is true about factoring without recourse?

• A)The seller of the receivables is liable upon default of the debtor.
• B)The factor's risk is lower than if the factoring were with recourse.
• C)An example is the use of major credit cards.
• D)The fee will be lower than if the factoring were with recourse.

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Definitions:

Values

Fundamental beliefs or ideals that guide behaviors and decision-making.

Vision

The ability to see or plan the future with imagination or wisdom, often representing a long-term goal or direction.

"Performance with Purpose"

A business philosophy aimed at achieving financial success while also making a positive impact on society and the environment.

Indra Nooyi

A business executive known for her leadership as the former CEO of PepsiCo, recognized for her strategic initiatives and focus on growth and innovation.