A Short-Term Loan Where the Borrower Pledges Its Accounts Receivable

question 79

Multiple Choice

A short-term loan where the borrower pledges its accounts receivable as security but is still responsible for any uncollectible account is referred to as

• A)a compensating balance.
• B)a letter of credit.
• C)an assignment.
• D)factoring.
• E)a repurchase.

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Definitions:

HR Planning Software

A digital tool designed to automate and assist in forecasting the current and future human resource needs of an organization.

Nova Scotia Social Services

A range of public services provided by the provincial government of Nova Scotia, Canada, intended to support and improve the well-being of its residents, especially the most vulnerable.

Retention

The ability of an organization to keep its employees from leaving, often achieved through strategies aimed at improving job satisfaction and engagement.

Needs Analysis

is a process used to identify and evaluate requirements or gaps in a given context, often applied in business, project management, or educational settings to optimize outcomes.