A security interest can be perfected merely by possession of the collateral by the secured party
Indicate whether the statement is true or false
TRUE
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Which of the following will be listed in the operating section of the statement of cash flows that is prepared using the indirect method?
A) collections from customers B) payments to suppliers C) interest received D) increases/decreases in current liabilities
Business ethics
A. is laws and regulations that govern business. B. is the application of moral standards to business situations. C. do not vary from one person to another. D. is most important for advertising agencies. E. is well-defined rules for appropriate business behavior.
Which of the following would be considered a fixed cost in a manufacturing setting?
A) direct labor B) sales commissions C) direct materials D) depreciation
Which of the following is a standard provision frequently found in contracts?
A) choice of forum B) understanding C) choice of compensation D) mediation