When a Business Factors Its Accounts Receivables,the Business ________

question 59

Multiple Choice

When a business factors its accounts receivables,the business ________.

• A)uses the receivables as security for a loan
• B)no longer has to deal with the collection of the receivables from the customers
• C)receives the the total amount of the receivables from the factor
• D)receives cash,less an applicable fee,after the factor collects from the customers

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Definitions:

Time-and-motion Studies

A business efficiency technique combining the timing of work tasks with a study of the motions required to perform them, used to increase productivity.

Industrial Engineering

An engineering discipline focusing on optimizing complex processes, systems, or organizations by eliminating waste and improving efficiency.

Streamlining Jobs

Simplifying work processes and structures to improve efficiency and reduce wastefulness.

Work Arrangements

The various formats and schedules under which employment can be structured, including full-time, part-time, remote, and flexible working hours.