Which one of the following statements about factoring is true?

a.

Non-recourse factoring generally allows the exporter to sell and factor the receivables to anyone they wish

b.

Factoring is the most popular source of finance in Australia

c.

All of these statements are true

d.

The total cost of factoring to the exporter is fully reflected by the factor's administrative charge

e.

Recourse factoring typically entails more charges than non-recourse factoring