Which Statement Is Not Correct

question 100

Multiple Choice

Which statement is not correct?

• A)Factoring with recourse creates a liability on the balance sheet.
• B)Factoring with recourse negatively impacts the current ratio.
• C)Factoring with recourse negatively impacts the working capital ratio.
• D)Factoring without recourse negatively impacts the current ratio.

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Definitions:

Traditional Performance Management

A systematic approach to evaluating employees' work performance using established benchmarks and metrics, primarily focusing on annual reviews.

Total Quality Management (TQM)

A company-wide effort to continuously improve the ways people, machines, and systems accomplish work.

Individual Performance

Measures how well an employee performs their job duties and responsibilities.

Critical-incident Method

A performance appraisal method focusing on the most significant actions of an employee that directly contribute to job success or failure.