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
48
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://www.kaotiyun.com/show/HGRd777K
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
Tourismisoneofthegreatpromisingindustriesofthelastfewyears.Inmostcountriesthereareofficialorganizationstoen
TheSupremeCourt’sdecisionsonphysician-assistedsuicidecarryimportantimplicationsforhowmedicineseekstorelievedying
StandardEnglishisthevarietyofEnglishwhichisusuallyusedinprintandwhichisnormallytaughtinschoolsandtonon-nat
Accordingtothepassage,whatmakeslanguagelearningeasierforsomepeoplethanforothers?
OnehundredandthirteenmillionAmericanshaveatleastonebank-issuedcreditcard.Theygivetheirownersautomaticcreditin
Accordingtogovernmentstatistics,menofallsocialclassesinBritainvisitpubsquiteoften,【21】______thekindofpubthe
AnewreportbytheU.N.AIDSorganizationsfindstheglobalAIDSepidemicisworsening.Theagencysaysmorepeopleinallregi
AnewreportbytheU.N.AIDSorganizationsfindstheglobalAIDSepidemicisworsening.Theagencysaysmorepeopleinallregi
随机试题
建设工程发包方式包括()
A.RNA聚合酶B.末端转移酶C.碱性磷酸酶D.反转录酶能切除DNA末端磷酸基的是
由美国国立医学图书馆制作,能够提供大量药物临床应用和临床评价方面的文献线索是
下列药物中,能燥湿止带的是
位于某市区国家重点扶持的高新技术企业为增值税一般纳税人,2015年销售产品取得不含税收入6500万元,另外投资取得收益320万元,全年发生产品销售成本和相关费用共计5300万元。缴纳的营业税金及附加339万元,发生的营业外支出420万元,12月末企业自
下列不属于银监会职责的有()。
世界上最早、最完整的一部教育著作是()。
要把A、B、C、D四包不同的商品放到货架上,但是,A不能放在第一层,B不能放在第二层,C不能放在第三层,D不能放在第四层,那么,不同的放法共有()种。
经济学家告诉投资者要分析金融资产的基本面,可是股票的价格并不是纯粹由基本面决定的。任何投资者都是影响金融市场波动的参与者,有实力的投资者必定会对金融市场施加影响,索罗斯称为“参与功能”或“操纵功能”。如果不能把参与功能或操纵功能考虑到资产估值模型中,那么所
劳动课上,老师带着我们到学校的后山捡柴。我和三名同学跑向后山顶,在一棵大树旁,我发现了一堆干枯的小树枝,急忙奔过去,却一脚跌进一个深深的坑里。同学喊来了老师。老师站在坑边上,看了我许久,说:“跌进坑里,别急着向上看,我们不拉你上来!”“老师,我上不去!”我
最新回复
(
0
)