A Wholly Owned Subsidiary Whose Primary Purpose Is to Finance

question 18

Multiple Choice

A wholly owned subsidiary whose primary purpose is to finance sales of the parent company's products and services, provide wholesale financing to distributors of the parent company's products, and purchase receivables of the parent company is a

• A)captive finance subsidiary.
• B)factor.
• C)leasing agent.
• D)captive factoring agent.

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Definitions:

Employer Autonomy

The degree to which employers have the freedom to manage their workforce, make business decisions, and operate their businesses without excessive external interference.

Equal Pay

The principle or requirement ensuring that employees who perform the same or equivalent work receive the same remuneration, regardless of gender, ethnicity, or other non-performance-related factors.

Pay Equity

The principle of ensuring that employees receive equal pay for work of equal value, aimed at eliminating wage disparities based on gender, race, or other non-job-related factors.

Age Discrimination

Unfair treatment of individuals based on their age, particularly in employment and workplace scenarios.