Factoring Refers to

question 75

Multiple Choice

Factoring refers to

• A)determining the aging schedule of the firm's accounts receivable.
• B)the sale of a firm's accounts receivable to another firm.
• C)the determination of the average collection period.
• D)scoring a customer based on the 5 C's of credit.

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Definitions:

Point Factor Rating Method

A systematic approach used in job evaluation that assesses jobs based on a range of factors, each assigned a point value based on its importance.

Benchmarking

A process of measuring products, services, and practices against those of leading companies to identify areas for improvement.

Education Level

The highest degree or level of school completed by an individual.

Equal Pay Act

Legislation requiring that men and women be given equal pay for equal work in the same establishment.