Factoring is an option available to a business to reduce the risk of uncollectible accounts receivable.

Name: Factoring is an option available to a business to reduce the risk of uncollectible accounts receivable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Factoring allows a business to sell its accounts receivable at a discount to a third party, who then assumes the risk of collecting the debt. This can help reduce the risk of uncollectible accounts and improve cash flow.

Factoring Is an Option Available to a Business to Reduce