what is a factor person

Commerce

• Factor (agent), a person who acts for another, notably a mercantile and colonial agent
• Factor (Scotland), a person or firm managing a Scottish estate
• Factors of production, such a factor is a resource used in the production of goods and services

Full Answer

What is a factor?

A factor is a type of trader who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.

What are human factors?

This kind of human factors is emphasised in a definition provided by human factors pioneer Alphonse Chapanis (1991): “Human Factors is a body of knowledge about human abilities, human limitations, and other human characteristics that are relevant to design.”

What is the meaning of Chief Factor?

"Chief factor" redirects here. For chief factors in group theory, see Chief series. A factor is a type of trader who receives and sells goods on commission (called factorage ). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.

How do you use factor in a sentence?

Factor (sense 1) should only be used to refer to something which contributes to a result. It should not be used to refer to a part of something such as a plan or arrangement; instead a word such as component or element should be used n.

What does it mean when someone is a factor?

In Latin factor means simply "doer". So in English a factor is an "actor" or element or ingredient in some situation or quantity. Charm can be a factor in someone's success, and lack of exercise can be a factor in producing a poor physique.

What does factor mean in life?

Scientific definitions for factor A substance found in the body, such as a protein, that is essential to a biological process. For example, growth factors are needed for proper cell growth and development.

What is factor job?

[′jäb ‚fak·tər] (industrial engineering) An essential job element which provides a basis for selecting and training employees and establishing the wage plan for the job. Also known as job characteristic.

How do you explain factors to a child?

Factors are numbers which you can multiply together to get another number. For Example : The numbers 2 and 3 are factors of 6 because 2 x 3 = 6. A number can have many factors!

What does no factor mean?

Definition of nonfactor : something or someone that is not a factor especially : something or someone that does not actively contribute to the production of a result The passing game suffered most as the wide receivers were mostly nonfactors. — Chris Dempsey.

Who were known as factors?

Factors were the traders of East India Company. They were called so because they controlled and operated from the factories of the East India Company. The factory consisted of a warehouse for storing the goods to be exported and offices for Company officials.

What is a factor to a lord?

In Scotland a factor (or property manager) is a person or firm charged with superintending or managing properties and estates—sometimes where the owner or landlord is unable to or uninterested in attending to such details personally, or in tenements in which several owners of individual flats contribute to the ...

Is a factor an agent?

A factor is a type of agent who sells goods owned by another, called a principal. The factor engages more frequently in the sale of merchandise than the purchase of goods. A factor is distinguished from a mere agent in that a factor must have possession of the principal's property, while an agent need not.

What is a factor in group theory?

For chief factors in group theory, see Chief series. A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal. A factor differs from a commission merchant in that a factor takes possession of goods ...

What is factoring in finance?

A factor has a possessory lien over the consigned goods that covers any claims against the principal arising out of the factor's activity. A debt factor, whether a person or firm ( factoring company ), accepts as assignee book debts ( accounts receivable) as security for short-term loans; this is known as factoring .

What is factorage in trading?

v. t. e. A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, ...

What is a colonial factor?

Colonial factors. In territories without any other regular authorities, especially if in need of defence, the company could mandate its factor to perform the functions of a governor, theoretically under authority of a higher echelon, including command of a small garrison.

How does a factor differ from a commission merchant?

A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in his possession on the basis of samples.

What were the functions of factors in the colonial period?

Before the 20th century, factors were mercantile intermediaries whose main functions were warehousing and selling consigned goods, account ing to principals for the proceeds, guaranteeing buyers' credit, and sometimes making cash advances to principals prior to the actual sale of the goods. Their services were of particular value in foreign trade, and factors became important figures in the great period of colonial exploration and development.

What is the meaning of factor?

usage for factor. Factor (sense 1) should only be used to refer to something which contributes to a result. It should not be used to refer to a part of something such as a plan or arrangement; instead a word such as component or element should be used.

What is the definition of factors?

Noun. One of two or more numbers or expressions that are multiplied to obtain a given product. For example, 2 and 3 are factors of 6, and a + b and a - b are factors of a 2 - b 2. A substance found in the body, such as a protein, that is essential to a biological process.

What is factor in math?

British Dictionary definitions for factor 1 one of two or more integers or polynomials whose product is a given integer or polynomial2 and 3 are factors of 6 2 an integer or polynomial that can be exactly divided into another integer or polynomial1, 2, 3, and 6 are all factors of 6

What is a person who acts on another's behalf?

a person who acts on another's behalf, esp one who transacts business for another. commerce a business that makes loans in return for or on security of trade debts. former name for a gene. commercial law a person to whom goods are consigned for sale and who is paid a factorage. (in Scotland) the manager of an estate.

What does "agent" mean in business?

a person who acts or transacts business for another; an agent. an agent entrusted with the possession of goods to be sold in the agent's name; a merchant earning a commission by selling goods belonging to others.

Who created the sixteen personality factors?

In the 1940s, Raymond Cattell developed a 16-item inventory of personality traits and created the Sixteen Personality Factor Questionnaire ...

Who developed the Sixteen Personality Factor Questionnaire?

In the 1940s, Raymond Cattell developed a 16-item inventory of personality traits and created the Sixteen Personality Factor Questionnaire (16PF) instrument to measure these traits. Robert McCrae and Paul Costa later developed the Five-Factor Model, or FFM, which describes personality in terms of five broad factors.

What is the openness to experience dimension of personality?

The openness to experience dimension of personality is characterised by a willingness to try new activities. People with higher levels of openness are amenable to unconventional ideas and beliefs, including those which challenge their existing assumptions.

What is self-reporting in psychology?

Whilst self-report measures provide an insight into a person’s personality that behavioral observation alone cannot provide, they are also vulnerable to manipulation by a subject, who may provide more desirable answers to questions (known as social desirability bias ).

Does environmental factors influence conscientiousness?

Research suggests that both environmental factors and heritability may influence in conscientiousness . One survey found that participants whose parents had displayed affectionate behavior towards them as children were likely to report higher levels of conscientiousness in adulthood ( McCrae and Costa, 1988 ).

Why is the Five Factor Model a complete explanation of human personality?

Therefore to say that the Five Factor Model offers a complete explanation of human personality because it offers an explanation of behaviour may be an illogical leap. Studies looking into correlations between these traits and individuals’ beliefs however could be one way to test for a more direct relation to personality.

Why is the Five Factor Model useful?

In conclusion then, the Five Factor Model is a useful tool for predicting behaviour and explaining why certain individuals act the way they do. It seems that on their own these five factors may not be sufficient for giving a complete character profile, but are more useful in providing a ‘snapshot’ of sorts.

What is the most widely used trait theory of personality?

The Five Factor Model is now perhaps the most widely use trait theory of personality and has achieved the closest thing to a consensus in personality research. One area of support comes from twin studies, which have demonstrated that scores on the five factors are at least partially heritable with genes accounting for around 50% of the variance ...

What is lacking in the Five Factor Model?

Another more fundamental aspect that is lacking in the Five Factor Model is a description of how individuals develop their personalities. As it is it is a descriptive model that offers no real explanation for human personality. For that reason alone it is insufficient in explaining the phenomenon.

Is the Five Factor Model predictive?

All this suggests that the Five Factor Model can be used reliably in a variety of contexts and has real-world validity and at least seems to be as capable of explaining personality in other cultures as it is in our own. There is also a lot of empirical evidence supporting the Five Factor Model and it has been shown to be predictive ...

What is human factors?

This kind of human factors is emphasised in a definition provided by human factors pioneer Alphonse Chapanis (1991): “Human Factors is a body of knowledge about human abilities, human limitations, and other human characteristics that are relevant to design.”.

What is the emphasis of human factors?

As with human-factors-as-the-human-factor, the main emphasis of human-factors-as-factors-of-humans is on the human; but general constituent human characteristics, not the person as an individual. The factors of humans approach acts like a prism, splitting human experience into conceptual categories. This kind of human factors is emphasised in ...

What are the factors of human behavior?

This kind of human factors focuses primarily on human characteristics, understood primarily via reductionism. Factors of humans include, for example: 1 cognitive functions (such as attention, detection, perception, memory, judgement and reasoning (including heuristics and biases), decision making – each of these is further divided into sub-categories) 2 cognitive systems (such as Kahneman’s dual process theory, or System 1 and System 2) 3 types of performance (such as Rasmussen’s skill-based, rule-based, and knowledge-based performance) 4 error types (such as Reason’s slips, lapses, and mistakes, and hundreds of other taxonomies, including my own) 5 physical functions and qualities (such as strength, speed, accuracy, balance and reach) 6 behaviours and skills (such as situation awareness, decision making, teamwork, and other ‘non-technical skills’) 7 learning domains (such as Bloom’s learning taxonomy) and 8 physical, cognitive and emotional states (such as stress and fatigue).

What is human factors engineering?

But Chapanis went on to say that “Human factors engineering is the application of human factors information to the design of tools, machines, systems, tasks, jobs, and environments for safe, comfortable, and effective human use. ”. He therefore distinguished between ‘human factors’ and ‘human factors engineering’.

What are cognitive functions?

cognitive functions (such as attention, detection, perception, memory, judgement and reasoning (including heuristics and biases), decision making – each of these is further divided into sub-categories) cognitive systems (such as Kahneman’s dual process theory, or System 1 and System 2)

How many research papers are there on factors of humans?

Accordingly, there are many thousands of research papers on factors of humans.

What is human experience?

Conceptually, human experience (e.g., of performance) is understood through one or more conceptual lenses (e.g., situation awareness, mental workload), which reflect partial and fragmented reflections of experience. Furthermore, measurement relating to these concepts often favours quantification.

Early life

Factor, of Polish-Jewish descent, was born in Zduńska Wola to Abraham Faktorowicz (1850/52 – before 1938) and Cecylia Wrocławska. His father, a hard-working grocer, rabbi, or textile mill worker (depending upon the source), could not afford a formal education for his four children.

Life in the United States

He sold his rouges and creams at the 1904 World's Fair, operating under the newly re-spelled name Max Factor. His partner in the venture stole all of his stock and the profits. With assistance from his brother and uncle, Factor recovered and opened a barber's shop. In August 1904, Max and his wife had their fourth child, Francis "Frank" Factor.

Death

In 1938, Factor was traveling in Europe on business with his son, Davis, when during a stopover in Paris, he received a note demanding money in exchange for his life. An attempt was made by the police using a decoy to capture the extortionist, but no one turned up at the agreed drop-off point to collect the money.

Honors and tributes

The Academy of Motion Picture Arts and Sciences presented Max Factor with an honorary Academy Award in 1929 for his contributions to the film industry. Additionally, Max Factor is honored with a star on the Hollywood Walk of Fame (at 6922 Hollywood Boulevard).

Overview

A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in his possession on the basis of samples.

History

Judicial factor

Notable factors

See also

External links