Which of the following is true of credit scoring of suppliers?
A) It is frequently used in business because the scoring information is easy to obtain.
B) It is frequently used in business because scoring standards are too flexible.
C) It is frequently not used in business because most business transactions involve mercantile credit which cannot be scored.
D) It is frequently used in business because mercantile credit decisions are easily quantifiable.
C
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A firm sells its accounts receivable to a factor at a 5% discount. If the average collection period is 1 month, determine the effective annual rate of interest on the factoring.
A) 80.06% B) 90.06% C) 75.06% D) 85.06%
One way to think of sustainability is to consider the systems necessary to support the triple bottom line of the three Ps, which are:
A) price, promotion, and product. B) people, places, and products. C) people, planet, and profit. D) price, promotion, and profit. E) people, pollution, and profit.