A company may collect its own receivables or alternatively hire a third-party collection agency to do this for a fee.

Name: A company may collect its own receivables or alternatively hire a third-party collection agency to do this for a fee.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. A company may choose to collect its own receivables, but it may also hire a third-party collection agency to do this job for a fee. The third-party collection agency will typically charge a percentage of the amount collected as the fee.

A Company May Collect Its Own Receivables or Alternatively Hire