Which Statement Is Correct

question 49

Multiple Choice

Which statement is correct?

• A)A transfer with recourse means that the purchaser of the receivables takes the collection risk.
• B)A transfer without recourse means that the seller of the receivables takes the collection risk.
• C)Factoring with recourse negatively impacts the working capital ratio.
• D)Factoring without recourse creates a liability on the balance sheet.

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Definitions:

Culturally Diverse Work Force

A workforce composed of employees from a variety of different racial, ethnic, gender, cultural, and national backgrounds, enhancing creativity and problem-solving by including multiple perspectives.

Challenges

Difficulties or obstacles that require effort, strategy, and resilience to overcome.

Stakeholder Groups

Collections of individuals or organizations that have an interest, right, or ownership in a company and can affect or be affected by the business' actions.

Organization's Mistakes

Errors or miscalculations made by a business or an entity that can lead to setbacks or challenges but also offer opportunities for learning and improvement.