The Process of Managing the Sales Ledger of a Client

question 2

Multiple Choice

The process of managing the sales ledger of a client by a financial service company is called

• A)forfaiting
• B)factoring
• C)leasing
• D)None of these.

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Definitions:

Permanently Enslaved

Refers to individuals who were subjected to slavery with no possibility of freedom, historically applicable in contexts such as chattel slavery.

Indigenous People

Refers to ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture that is associated with a given area.

Entrepreneurial Spirit

The motivation, creativity, and willingness to take risks in starting and managing a business venture, often leading to innovation and economic growth.

Mass Incarceration

The extensive and increasing phenomenon of imprisoning a large portion of the population, often critiqued for its disproportionate impact on minority communities.