May Ling Chin Has Had Poor Success in Collecting Monies

question 41

Multiple Choice

May Ling Chin has had poor success in collecting monies owed from clients in Hong Kong even though she understands that ins and outs of doing business with the Chinese there.In future arrangements she plans to pursue _____________ where,after offering the buyer a long-term financing deal,she will sell the account receivable to a Hong Kong bank and let them worry about collecting.She will not receive as much money as she would like but she will at least be assured of receiving a fair amount.

• A)letters of credit
• B)bills of exchange
• C)forfaiting
• D)consular invoicing
• E)express financing

---

Definitions:

Catering Supplies

Items and materials used in the provision of catering services, including food, utensils, and decorations.

Spending Variance

Difference between the planned budget and the actual expenditure, indicating over- or under-spending.

Measures of Activity

Metrics and indicators used to evaluate the level of activity, productivity, or performance in various aspects of an organization's operations.

Cost Formula

This is an equation used to predict the total cost associated with a certain level of activity or production volume.