Often referred to as "the heart of a factoring organization", the credit department is responsible for granting credit to clients’ customers and for collecting the accounts receivable purchased by the factor. When factored clients submit customer orders for credit approval, the credit department analyzes the financial condition and credit worthiness of the customer, and then makes a decision to approve or decline the order. The department must then monitor the condition of approved customers and collect all due receivables. Careful credit checking and effective collection procedures in this department can greatly reduce the risks inherent in factoring.
As the head of the credit department, the credit manager is responsible for seeing that the department operates effectively. He must develop the factor’s credit policies in consultation with senior factoring associates, and he is in overall command of everything from credit and collections to bankruptc
A. uncovered risks.
B. approved limits.
C. expected sums.
D. protected sources.
Often referred to as "the heart of a factoring organization", the credit department is responsible for granting credit to clients’ customers and for collecting the accounts receivable purchased by the factor. When factored clients submit customer orders for credit approval, the credit department analyzes the financial condition and credit worthiness of the customer, and then makes a decision to approve or decline the order. The department must then monitor the condition of approved customers and collect all due receivables. Careful credit checking and effective collection procedures in this department can greatly reduce the risks inherent in factoring.
As the head of the credit department, the credit manager is responsible for seeing that the department operates effectively. He must develop the factor’s credit policies in consultation with senior factoring associates, and he is in overall command of everything from credit and collections to bankruptc
A. The credit manager’s responsibility.
B. The supervisor’s responsibility.
C. The working procedures of a credit department.
D. The command and control in the credit department.
We often hear the (21) "Bug" while using computers. But what is a bug In computer science, a bug (22) an error in software or hardware. In software, a bug is an error in coding or logic that causes a program to malfunction or to (23) incorrect results. Minor bugs, for example, a cursor that does not behave as (24) -can be inconvenient or frustrating, but not damaging to (25) More severe bugs can cause a program to "hang" (stop responding to (26) and might (27) the user with no (28) but to restart the program, losing whatever (29) work had not been saved. In (30) case, the programmer must find and correct the error by the (31) known as debugging. Because of the (32) risk to important data, commercial aplication programs are tested and (33) as completely as possible before release. Minor bugs found after the program becomes (34) are corre
A. accessible
B. affable
C. available
D. adaptable
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