Donna defaulted on her loan owed to Second State Savings and Loan. The loan was secured with Donna's car. Donna used the car for personal and family reasons. Which statement is correct?
a. Second State may take Donna's car without a court order if this can be done without a breach of the peace.
b. Second State may take Donna's car without a court order even if it means a breach of the peace.
c. Second State may not take Donna's car because it is a consumer good.
d. Second State may not take Donna's car because perfection was automatic.
a
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Which of the following is not an objective of financial reporting?
a. To reflect prospective cash receipts to investors and creditors. b. To reflect prospective cash flows to an enterprise. c. To reflect resources and claim to resources. d. To reflect current stock prices and information concerning stock markets.
Shipping terms of_____________mean that the buyer pays shipping costs
Fill in the blank(s) with correct word
Under the Securities Fraud Enforcement Act, when may a brokerage house be fined?
a. If it knew or recklessly disregarded information that would indicate insider trading activities on the part of its employees. b. Whenever an employee is found guilty of insider trading. c. If it was negligent in failing to discover insider trading. d. A brokerage house may not be fined under the Act.
A salesperson tells his customers that he will give them some freebies if they purchase laptops from his store. However, he has neither asked the store manager if he can do so nor checked if the shop has an adequate stock of freebies. As such, he is not able to deliver the freebies to his customers. Which decision-making trap does this scenario exemplify?
A. Promising too much B. Overlooking precedent C. Responding inappropriately to failure D. Assuming only one choice is right