Factoring Refers to an Arrangement in Which a Company Sells

question 54

True/False

Factoring refers to an arrangement in which a company sells its receivables to another company and receives cash immediately.

Acquire knowledge about the structure and classifications of management and organizations.

Identify and understand workforce diversity and its implications.

Recognize the characteristics of high-performing companies and their impact on competition and economy.

Understand the management of resources and goals for organizational performance.

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Definitions:

Legal Regulation

The implementation and enforcement of laws by a governing body to control or direct the activities conducted by individuals, organizations, or systems.

Public Interest

The welfare or well-being of the general public, often considered a guideline in determining policy and laws.

Railway Labor Act

A United States federal law that governs labor relations in the railroad and airline industries, facilitating dispute resolution and collective bargaining.

National Legislation

Laws and regulations enacted by a country’s legislative body that govern the actions and policies within that country.