An interest in fixtures that a creditor obtains to secure performance of an obligation is called a(n):
A. security interest.
B. financial leverage.
C. ownership equity.
D. income trust.
Answer: A
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Answer the following statements true (T) or false (F)
True market demand for public goods may be determined by the number of consumers who pay for the goods.
Garcia Corporation's April sales forecast projects that 5,000 units will sell at a price of $10.50 per unit. The desired ending inventory is 30% higher than the beginning inventory of 1,000 units. Budgeted purchases in April would be:
A. 6,300 units. B. 5,000 units. C. 6,000 units. D. 5,300 units. E. None of the choices are correct.
Which of the following is NOT true regarding the Sarbanes-Oxley Act?
a. The Act mandates the composition and authority of audit committees at public companies. b. The Act prohibits personal loans to executives. c. The Act requires corporations to disclose whether they have a code of ethics applicable to senior financial officers and, if not, to disclose why not. d. The Act gives the SEC the authority to prohibit unfit persons from serving as officers or directors of a public company for a period of five years.
Workers have a right to refuse to cross a picket line of fellow workers who are engaged in a lawful strike.
Answer the following statement true (T) or false (F)