Due to the complexity of factoring procedures,factoring is rarely used as a source of short-term financing in Canada today.

Name: Due to the complexity of factoring procedures,factoring is rarely used as a source of short-term financing in Canada today.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Factoring is actually a commonly used method of short-term financing in Canada and many other countries, as it allows businesses to quickly convert their accounts receivable into cash, thereby improving their liquidity and cash flow.

Due to the Complexity of Factoring Procedures,factoring Is Rarely Used