When a Bank Purchases at a Discount from an Importer

question 79

Multiple Choice

When a bank purchases at a discount from an importer a series of promissory notes in favor of an exporter,this is called

• A)accounts receivable financing.
• B)asset backed commercial paper.
• C)discounting.
• D)forfeiting.

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Definitions:

Results-Based Format

A strategy or plan that emphasizes achieving specific outcomes or results, often used in project management and performance assessments.

Norm-Referenced Performance Appraisals

A method of evaluating performance by comparing an individual's performance to the performance of others in a similar context.

Upward Appraisal

A feedback process in which employees evaluate the performance of their supervisors or managers, contributing to performance reviews.

MBO System

Management by Objectives; a strategic management model where goals are defined for each employee and their performance is assessed based on those predefined objectives.