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
2019-10-21
26
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://jikaoti.com/ti/cxGsFFFM
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
BenjaminBarber’sFear’sEmpirepresentsacaseagainsttherecentunilateralimpulsesinU.S.foreignpolicy.AccordingtoBar
Becauseofeconomicfactors,fewerandfewergraduatesliketofillinthepositionsinschools.Nowyouaretopresentawritte
Peopleappeartobeborntocompute.Thenumericalskillsofchildrendevelopsoearlyandsoinexorablythatitiseasytoimag
PeoplelivingonpartofthesouthcoastofEnglandfaceaseriousproblem.In1993,theownersofalargehotelandofseveral
InTheSorrowsofEmpire,ChalmersJohnsonadvancesthedisturbingclaimthattheUnitedStates’ColdWar-eramilitarypowerand
Amajorreasonfor【21】______intheanimalworldisterritory.Themaleanimalestablishesanarea.Thesizeoftheareais
sixty-three细节题。根据“sixty-threepercentdon’thaveenoughtimefortheirspousesorpartners.”可知正确答案。
Standardusageincludesthosewordsandexpressionsunderstood,used,andacceptedbyamajorityofthespeakersofalanguagei
Recently,theWorldHealthOrganizationcarriesoutastudyover70,000teensin34nations.Thestudyisamongschoolchildren
Itisanastonishingfactthattherearelawsofnature,rulesthatsummarizeconveniently-【21】qualitativelybutquantitatively
随机试题
A.尿少浮肿B.随气流窜C.积于管腔D.肢体困重痰的致病特点之一是
孕妇应尽量不用抗癫痫药的道理是
以下关于注意的说法中错误的是
临床医学研究中的知情同意原则,主要体现在
由药师或大专以上药学学历的技术人员担任并要保持相对稳定的是由药士或中专以上药学学历,其他人员应具有高中以上文化程度并经培训合格持证上岗的是
任何经济活动都可能有风险,面对风险人们的选择可能不同,针对可控性风险采取防止风险发生,减少风险损失,此风险对策属于______。
编制费用计划过程中最重要的方法是项目费用目标的分解,根据费用控制目标和要求的不同,可以分为()。
某科研单位由于体制转轨开始面向市场,单位原来实行的工资体系也因此受到冲击。科研人员对目前的收入极其不满,认为既不具有内部公平性,也不具备外部竞争性。鉴于以上情况,单位领导请来专家小组,对此进行诊断并提出相应对策。专家组采用因素比较法对单位内部工作岗位进行了
•Readtheinformationaboutcommercialbanks.•Choosethebestwordtofillineachgap,fromA,BorC.•Foreachquestion2
A、Hewantstoliveoffcampus.B、Thereareadvantagesanddisadvantagestolivingoffcampus.C、Livingspaceinthedormiscrow
最新回复
(
0
)