Factoring Arrangements

question 202

Multiple Choice

Factoring arrangements

• A)are ways to accelerate receivable collections.
• B)involve no commissions or service charges because the factor is guaranteed collections on the due date.
• C)are generally used by businesses that are insolvent.
• D)are mainly used in the fast food industry.

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Definitions:

Job Characteristics Theory

A theory that suggests certain job characteristics can improve employee job satisfaction, motivation, and productivity by enhancing psychological states related to the work.

Core Job Dimension

Fundamental aspects of a job that affect employee motivation and job satisfaction, such as skill variety, task identity, and feedback.

Critical Psychological State

Refers to an individual's mental condition that can significantly influence their motivation, efficiency, and satisfaction in the workplace.

Continuous Basis

Operating or functioning in a seamless, uninterrupted manner over time.