If the proceeds of sale of collateral are not sufficient to satisfy the debt, then the creditor is usually entitled to a:

A. future advance.
B. warehousing arrangement.
C. fixture filing.
D. deficiency judgment.


Answer: D

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The probabilities shown in a table with two rows, and and two columns, and

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Cash dividends become a liability to a corporation on the date of record

Indicate whether the statement is true or false

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Which of the following U.S. laws prohibits payments to foreign officials for the purpose of obtaining or retaining business?

A) Sarbanes-Oxley Act of 2002 B) Foreign Corrupt Practices Act of 1977 C) USA Patriot Act of 2001 D) Personal Responsibility and Work Opportunity Act of 1996

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Which of the following is NOT consistent with level scheduling?

A) varying the use of subcontracting B) finding alternative work for employees during low-demand periods C) using built-up inventory to meet demand requirements D) varying production levels and/or work force to meet demand requirements E) All of the above are inconsistent with the pure level strategy.

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