In order to meet the Statute of Frauds requirements, the entire writing must be contained in one
document.
Indicate whether the statement is true or false
FALSE
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What will be an ideal response?
HR creates revenue and profits for the organization by:
A. Enhancing the productivity of the people within the organization B. Participating in teams C. Managing paperwork D. Controlling costs E. Creating products
Benny's Bookmarks sells hand-stitched bookmarks at country fairs. His business is doing well. He is investigating buying a stitching machine to allow him to make the bookmarks more efficiently. The current manual method costs $1 per bookmark to stitch. A new machine costs $1000, and it will cost $0.50 to make a bookmark. How many bookmarks must be produced to break even?
Answer the following statements true (T) or false (F)
1. Secured short-term financing has specific assets pledged as collateral. 2. The security agreement is an agreement between the borrower and the lender that specifies the collateral held against a secured loan. 3. Fixed assets are the most desirable short-term-loan collateral since they normally have a longer life, or duration, than the term of the loan. 4. Lenders recognize that holding collateral can reduce losses if the borrower defaults, but the presence of collateral has no impact on the risk of default. 5. Commercial finance companies are lending institutions that make only unsecured loans-both short-term and long-term—to businesses.