Recourse Means That the Factor Assumes the Credit, Political, and Foreign

question 20

True/False

Recourse means that the factor assumes the credit, political, and foreign exchange risk for the receivables it purchases.

Understand the three Vs of big data: volume, velocity, and variety.

Analyze the impact of big data and analytics on targeted advertising and business strategies.

Explore the concept of crowdsourcing, its effectiveness, and factors contributing to its growth.

Discuss contemporary approaches to enhance decision-making in organizations.

---

Definitions:

Direct Labor Rate

The wage rate paid to employees directly involved in manufacturing goods or providing services, expressed per hour or per unit of output.

Time and Materials Pricing

A contract or pricing method where the customer pays the supplier based on the time spent to complete the work and the cost of materials used.

Production Capacity

The maximum amount of goods that can be produced in a given timeframe using available resources.

Contribution Margin

The amount by which sales revenue exceeds variable costs, used to cover fixed costs and generate profit.