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

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 3
Topic #: 3
[All CIMAPRA19-F01-1 Questions]

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

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Suggested Answer: A

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

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Lawrence
7 months ago
I thought factoring was more about loans, not selling receivables.
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Sunshine
7 months ago
Definitely A, the other options don't fit at all.
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Jolanda
7 months ago
Wait, isn't that just a fancy way of saying they need cash fast?
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Shalon
8 months ago
Totally agree, it's all about selling invoices!
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Theola
8 months ago
Factoring is when a business sells its accounts receivable.
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Tran
8 months ago
Okay, job evaluation is the process of systematically determining the relative internal value of a job, so that's got to be the right answer. I'm confident in selecting A.
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Alex
8 months ago
This seems like a straightforward problem that can be solved without machine learning expertise. I'd go with option D - using Amazon Comprehend's custom classification to train a model on the existing data and then integrate that into the application.
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