Chapter 4 Financing Alternatives Quiz
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Questions and Answers

What is factoring also known as?

  • Invoice financing (correct)
  • Credit leveraging
  • Loan consolidation
  • Revenue securitization

Which of the following is NOT an example of specialized financial services?

  • Factoring
  • Leasing
  • Hire Purchase
  • Mortgage (correct)

What is the primary function of factoring?

  • Investing in stock markets
  • Offering long-term loans
  • Managing corporate mergers
  • Providing immediate cash flow by purchasing outstanding invoices (correct)

Where do specialized financial services are typically provided?

<p>By specialized financial institutions or departments within larger financial institutions (A)</p> Signup and view all the answers

What does hire purchase refer to in specialized financial services?

<p>A method of buying goods through installment payments (A)</p> Signup and view all the answers

What is factoring also known as?

<p>Invoice financing (B)</p> Signup and view all the answers

Where are specialized financial services typically provided?

<p>By specialized financial institutions or departments within larger financial institutions (B)</p> Signup and view all the answers

What does hire purchase refer to in specialized financial services?

<p>A financing arrangement for purchasing assets with payment made in installments (C)</p> Signup and view all the answers

Which of the following is NOT an example of specialized financial services?

<p>Personal Savings Account (B)</p> Signup and view all the answers

What is the primary function of factoring?

<p>Providing immediate cash flow to businesses by buying their outstanding invoices (A)</p> Signup and view all the answers

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