Refer to the Table

question 196

Multiple Choice

$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Hourly Wage } \\\text { Rate }\end{array} & \begin{array} { c } \text { Output per Hour of } \\\text { Work }\end{array} \\\hline \$ 10 & 6 \\\hline 9 & 6 \\\hline 8 & 4 \\\hline 7 & 2 \\\hline 6 & 1 \\\hline\end{array}$$ Refer to the table. The e?ciency wage is

• A) $10.
• B) $9.
• C) $8
• D) $6.

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Definitions:

Accounts Receivable Financing

A type of financing arrangement wherein a business uses its outstanding invoices as collateral to receive immediate funds from a lender.

Secured Short-Term Loan

A loan that is backed by collateral and has a maturity period of one year or less.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Factoring Of Receivables

The sale of a business's accounts receivable to a third party, at a discount, for immediate cash.