The Pledging Cost of Accounts Receivable Is Normally 2 to 5

question 159

True/False

The pledging cost of accounts receivable is normally 2 to 5 percent above the prime rate.

---

Definitions:

Family And Medical Leave Act

A United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Workforce Diversity

Refers to the inclusion of individuals with a wide range of characteristics and experiences, such as cultural background, gender, age, and abilities, within a company's employees.

Flexibility And Accommodation

The ability and willingness to adjust or make concessions to meet others' needs or to adapt to changing circumstances.

Self-Managed Teams

Groups of employees who operate without a traditional managerial hierarchy, collectively assuming responsibility for their work and decision-making.