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 clie
Often referred to as " the heart of a factoring organization" , the credit department is responsible for granting credit to clie
admin
2015-08-09
35
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.
What is the main idea of the passage?
选项
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.
答案
D
解析
文章第一句,“信用部是代理机构的核心,负责给委托人的客户发放贷款以及收集代理商购买的应收账目”。全文围绕此句展开,讲解“信用部的管理和控制”。A、B、C三项文章都提到了,但是都只是一个方面,不够概括。
转载请注明原文地址:https://kaotiyun.com/show/XGRd777K
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
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
Accordingtothepassage,whatmakeslanguagelearningeasierforsomepeoplethanforothers?
Accordingtothepassage,whatmakeslanguagelearningeasierforsomepeoplethanforothers?
Accordingtothespeaker,whatshouldonepayspecialattentiontoifhewantstosaveup?
Accordingtogovernmentstatistics,menofallsocialclassesinBritainvisitpubsquiteoften,【21】______thekindofpubthe
Oftenreferredtoas"theheartofafactoringorganization",thecreditdepartmentisresponsibleforgrantingcredittoclient
随机试题
Dearprofessor,Banksnormallyreceivemoneyfromtheircustomersintwodistinctforms;oncurrentaccount,andondeposit
“心为五脏六腑之大主”,是因为
请分别针对以下不同情况,简述包装物的相关会计处理规定,并做出相应的会计分录:(1)某生产企业向当地娱乐城及商业机构销售葡萄酒10吨,含随同产品销售的包装物在内的销售单价为1000元/吨,消费税率为10%。(2)某生产企业向当地娱乐城及商业机
下列关于个人理财业务和储蓄业务区别的说法,正确的是()。
下列弥补财政赤字的方式中,对经济可能产生的副作用比较小的是()。
导游员讲解时注视游客的目光应该以()为宜。
求助者表示自己的好朋友得了一等奖学金,自己一方面为他高兴,另一方面又嫉妒他,感到十分痛苦。咨询师应该()。
我国民法调整平等主体之间的人身关系和财产关系,下列选项中属于我国民法调整对象的有:
(2002年试题,一)设随机变量X服从正态分布N(μ,σ2)(σ>0),且二次方程y2+4y+X=0无实根的概率为,则p=______________.
Thisquestionislessdifficultthanthatquestion.
最新回复
(
0
)