首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Often referred to as "the heart of a factoring organization" , the credit department is responsible for granting credit to clien
Often referred to as "the heart of a factoring organization" , the credit department is responsible for granting credit to clien
admin
2014-03-25
27
问题
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 bankruptcy and liquidations. If the factor is a commercial bank division, the credit manager is a bank’ s vice president, and credit policy must also be approved by top management of the bank.
Assisting the credit manager may be several supervisors who have credit responsibilities of their own and who also oversee the analysis and approval of customer orders by the credit specialists. Credit supervisors typically spend about eighty percent of their time handling large customer orders. If a customer order exceeds a supervisor’ s credit authority, he is responsible for making recommendations to the credit manager. A supervisor also reviews a subordinate’ s credit decision if the subordinate is unsure of the extent of the credit risk or if a client questions a particular credit decision.
In extremely large credit exposures, supervisors bear the responsibility for analyzing the credit position of the customers and deciding on credit limits. To do this, they must regularly obtain current data from various credit information sources. They must also have extensive contact with each customer to determine operational performance and progress. Frequently, supervisors are called upon to give advice on what should be done to improve a company’ s financial condition. Meeting all these responsibilities requires that each supervisor continuously observe and study the industries with which he is concerned, so that he is capable of anticipating market changes which may affect his accounts.
A supervisor’s major challenge is to maintain a fine balance between the demands of clients that all their customer orders be approved and the questionable financial position of some of the customers. In reviewing any credit decision, a supervisor must be capable of weighing a variety of elements , including the possibility of losing the client, the customer’ s credit position, and the extent of any possible loss.
Which of the following is NOT true?
选项
A、The credit policy can be a part of a commercial bank’ s policy.
B、The credit policy rests only with the credit manager.
C、The supervisors are the helping hands of the credit manager.
D、A credit manager of the credit department is not necessarily a bank’ s leading person.
答案
B
解析
文章第二段第二句提到“信用经理要和几个信用合作人协商过后,才能制定信用政策”,所以,B项是错误的。第三段第一句“几个有信用责任的监督人协助信用经理并监督其他信用专家的工作”,所以C项是正确的。第二段最后一句表明“信用经理可以是副行长”,即“不一定是银行的最高领导”,故D项是正确的。
转载请注明原文地址:https://kaotiyun.com/show/RZxd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Whyarewefarfromsatisfiedwithourbasicneeds?
Whatisanimportantgoalforsomedevelopingcountries?
Whenamagazineforhigh-schoolstudentsaskeditsreaderswhatlifewouldbelikeintwentyyears,theysaid:machineswouldbe
What’sthepossiblerelationshipofthetwospeakers?
Doanimalshavefights?Thisishowthequestionisusuallyput.Itseemsauseful,ground-clearingwaytostart.【61】Actually,
Thehealth-careeconomyisfullwithunusualandevenuniqueeconomicrelationship.Oneoftheleastunderstoodinvolvesthepec
Whatiscommontragedyeverywhereaccordingtothepassage?
OnehundredandthirteenmillionAmericanshaveatleastonebank-issuedcreditcard.Theygivetheirownersautomaticcreditin
Asidefrom.perpetuatingitself,thesolepurposeoftheAmericanAcademyandInstituteofArtsandLettersisto"foster,assis
Asidefrom.perpetuatingitself,thesolepurposeoftheAmericanAcademyandInstituteofArtsandLettersisto"foster,assis
随机试题
下列关于设备监理的叙述,不正确的有()。
对甲,乙,丙三人作案情况有以下猜测:(1)甲没有作案,并且乙作案。(2)甲作案,则乙作案。(3)乙作案,则丙也作案。(4)丙作案。事后经过调查。发现上述猜测只正确了一个。则以下哪项正确?
磷酸戊糖途径的重要生理功能是生成
承包人因自身原因实际施工落后于进度计划,若此时工程的某部位施工与其他承包人发生干扰,工程师发布指示改变了他的施工时间和顺序导致施工成本的增加和效率降低,此时,承包人( )。
一、背景A机电安装公司承包了3000m室外压力管道的安装工程,因工期紧,且施工期间阴雨较多。项目部为了保证工程质量,把室外压力管道安装分为原材料检验、管架制作安装、管道预制、管道安装、管道焊接、管道试验、管道保温、管道吹扫等工序,按照对
某双代号网络计划中,假设计划工期等于计算工期,且工作M的开始节点和完成节点均为关键节点。关于工作M的说法,正确的是()。
根据个人所得税法律制度的规定,下列各项中,暂免征收个人所得税的有()。(2015年)
孟母择邻的故事表明环境因素决定着人的身心发展变化。()
患者,女性,18岁。自幼多个牙齿色深暗着色,无其他不适,要求诊治。病史采集应询问的内容,以下哪项不是重点()。
AnswerQuestions71to80byreferringtothecommentson4differentcarmodelsinthefollowingmagazinearticle.Answereach
最新回复
(
0
)