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Special Exercises
Match the following.You may use a response once,more than once,or not at all.
-The CEO asked the vice presidents to leave the room to prepare an oral report on resource needs for the next quarter.She then asks them to return to her office after lunch.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
Turning Receivables
Involves managing and collecting funds owed to a business by its customers within a given period.
Credit Profile
A summary or analysis of an individual's or entity's credit history and current financial status used by lenders to gauge creditworthiness.
Trade Creditors
Suppliers or vendors that allow businesses to buy goods or services on account, paying them at a later date.
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