Employment Screening Services Are Useful in the Selection Process Because

question 10

True/False

Employment screening services are useful in the selection process because they have access to a job applicant's credit history, driving record, and workers' compensation claims history.

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Definitions:

Accounts Receivable

Outstanding payments due to a firm from its clients for delivered services or products yet to be settled.

Factoring

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

Credit Sales

Sales in which revenue is recognized at the point of sale but payment is deferred.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered but not yet paid for.