Calculating the Average Amount of Time It Takes from Contact

question 47

Multiple Choice

Calculating the average amount of time it takes from contact to hire for each source of applicants allows a firm to most accurately:

• A) determine yield ratios for all steps of the recruitment process.
• B) determine the application drop off rate.
• C) estimate the time efficiency of hired applicants.
• D) identify the most time-efficient recruiting sources.

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Definitions:

Factoring Accounts Receivable

A financial transaction whereby a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Without Recourse

A financial term indicating that the seller of an asset is not liable if the underlying assets fail to perform as expected.

Maturity Factoring

A form of financing where a business sells its invoices to a factor at a discount for immediate cash, with the collection of funds from customers handled by the factor upon maturity.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.