____ Refers to the Purchase of Financial Obligations, Such as Bills

question 37

Multiple Choice

____ refers to the purchase of financial obligations, such as bills of exchange or promissory notes, without recourse to the original holder, usually the exporter.

• A) Factoring
• B) Accounts receivable financing
• C) Forfaiting
• D) None of the above

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Definitions:

Compressed Workweek

A compressed workweek allows employees to work longer hours on fewer days during the week, enabling them a longer weekend or periodic days off.

Extra Day Off

An additional day granted to an employee for rest or leisure beyond regular days off or holidays.

Fewer Days

A reduction in the number of days allocated for a specific activity or purpose.

Psychological Empowerment

The feeling of confidence, autonomy, and control individuals experience in their actions, contributing to their motivation and effectiveness.