The Sale of Accounts Receivable to a Third Party for a Discount

question 27

True/False

The sale of accounts receivable to a third party for a discount is called factoring.

---

Definitions:

Sense of Support

The perception or feeling that one is supported by others, especially in a social or emotional context.

Supervisory Support

Assistance and guidance provided by supervisors to their subordinates to help them perform their duties effectively.

Work Group

A collection of individuals who are assembled to perform activities that contribute towards achieving a common task or goal.

Role Model

An individual who serves as a good example for others to emulate, often inspiring or influencing someone's behavior and attitudes.