An organization that obtains or arranges for payment of money owed to a third party is a:
A) delinquent accounts department.
B) small claims court.
C) legal aid agency.
D) collection agency.

Question

Quizplus · Accepted Answer

A collection agency is specifically designed to obtain or arrange for payment of money owed to a third party. Delinquent accounts department may perform similar functions but it is an internal department within an organization. Small claims court and legal aid agency are legal entities that provide assistance and resolution to disputes, but they are not primarily focused on debt collection.

An Organization That Obtains or Arranges for Payment of Money