When Factoring Is Done on a Nonrecourse Basis,the ___ Has

question 31

Multiple Choice

When factoring is done on a nonrecourse basis,the ___ has title to the receivables and the ___ is responsible for credit checking and collecting the receivables.

• A)factor,factor
• B)factor,borrowing firm
• C)borrowing firm,factor
• D)borrowing firm,borrowing firm

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Definitions:

Mental Images

Mental representations that stand for objects or events and have a picture-like quality.

Physical Objects

Items or things that occupy space and have mass, perceptible through the senses, especially the sense of touch.

Phoneme

The smallest unit of sound in a language that can distinguish meaning between words.

Cultural Bias

The tendency to interpret or judge phenomena based on one's own cultural standards.