The Form of Short-Term Finance Where Another Entity Takes Over

question 23

Multiple Choice

The form of short-term finance where another entity takes over the firm's debtor's accounts for a payment of around 85% of the accounts' balance is known as:

• A) discounting.
• B) debt factoring.
• C) bills receivable.
• D) none of the above.

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Definitions:

Older Workers

Individuals in the workforce who are past the typical age of retirement, offering valuable experience and skills.

Individual Abilities

The skills and competencies unique to each person that influence their capacity to perform tasks.

Contingent Workers

Individuals employed on a non-permanent basis, such as freelancers, contractors, or temp agency workers, often used by companies to adjust more flexibly to workload fluctuations.

Implicit Contract

An unwritten and unspoken agreement between parties, often based on assumed understanding or expectations.