Factoring is a very inexpensive way for firms to get a short-term infu

QUESTION

Factoring is a very inexpensive way for firms to get a short-term infusion of funds.

Indicate whether the statement is true or false.

ANSWER

Answer: FALSE
Explanation: Factoring is an expensive way for firms to get a short-term infusion of funds, but it provides an avenue for small businesses that may not qualify for other kinds of loans.