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CTP – Certified Treasury Professional

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Showing 16–18 of 20 questions

Question 16 (Volume F)

Which of the following are commonly used for financing accounts receivable?

I. Factoring

II. Issuing credit cards

III. Revolving bank loans

IV. Letters of credit

Select an option, then click Submit answer.

  • ○

    I and II only
  • ○

    I and III only
  • ○

    III and IV only
  • ○

    I, II, and III only
  • ○

    Factoring
    II. Issuing credit cards
    III. Revolving bank loans
    IV. Letters of credit
Question 17 (Volume E)

Which of the following are KEY issues to be considered when establishing a shared service center (SSC)?

I. Selecting the location

II. Comparing an SSC structure to outsourcing of a process

III. Choosing and implementing the technology for SSC

IV. Choosing the collection bank

Select an option, then click Submit answer.

  • ○

    I and III only
  • ○

    II and IV only
  • ○

    I, II, and III only
  • ○

    II, III, and IV only
  • ○

    Selecting the location
    II. Comparing an SSC structure to outsourcing of a process
    III. Choosing and implementing the technology for SSC
    IV. Choosing the collection bank
Question 18 (Volume D)

A U.S. company wants to increase its cash turnover rate. It is finding that customers are not taking the offered discount terms of 3/15, net 35. What action might the company take in order to achieve its goal?

Select an option, then click Submit answer.

  • ○

    Increase the days’ sales outstanding.
  • ○

    Obtain short-term financing.
  • ○

    Factor the accounts receivable.
  • ○

    Change inventory accounting from FIFO to LIFO.