MCQOPTIONS
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| 1. |
What is Factoring? |
| A. | An easy way of raising capital from a factoring company by small business |
| B. | Selling of account receivables on a contract basis for cash payment to a factor before it is due |
| C. | An arrangement for raising short term money against prepaid expenses |
| D. | A method of discounting of long term bills |
| Answer» C. An arrangement for raising short term money against prepaid expenses | |