To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. The service is called:
A. collection agency advance
B. lockboxing
C. factoring
D. funding
Answer: C
You might also like to view...
Information such as facts, techniques, and procedures that trainees can recall after training is an example of
A. return on investment on training. B. training credits. C. transfer of training. D. training improvements. E. training outcomes.
The price of a certain amount of goods and services a year back was $200. If price increased by 4 percent during the year, how much money is required to buy the same amount of goods today?
A. $208 B. $204 C. $400 D. $404
An expansionist capacity strategy minimizes the risks of overexpansion due to overly optimistic demand forecasts
Indicate whether the statement is true or false
Racketeering is a single crime—engaging in financial transactions to conceal the identity, source, or destination of illegally gained funds
Indicate whether the statement is true or false