Which of the following is a chief advantage of factoring of receivables? Factoring is a cheap way to finance Factoring transfers the risk of default to the factor Factoring lengthens the Operating Cycle Factoring is easily obtainable during economic recessions
a. Factoring is a cheap way to finance
b. Factoring transfers the risk of default to the factor
c. Factoring lengthens the Operating Cycle
d. Factoring is easily obtainable during economic recessions