CIMA Exam CIMAPRA19-F01-1 Topic 3 Question 3 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 3
Topic #: 3

Which of the following is the most appropriate definition of the term 'factoring'?

AWhere a business sells its accounts receivable to a third party at a discount

BWhere a business borrows a loan with short-term conditions from a third party

CWhere a business sells equity to third parties to gain short-term finance

DWhere a business is provided with a highly flexible regular source of short-term finance by a bank

Show Suggested Answer

Suggested Answer: A

by Fatima at May 04, 2022, 06:50 AM

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