Danica borrows $1,000 from Evermore Bank, using her motorcycle as collateral. To perfect its security interest, the bank must file its financing statement with

A. the secretary of state.
B. the county clerk.
C. the city treasurer.
D. the ward alderman.


Answer: A

Business

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The relevant production range for Challenger Trailers, Inc. is between 130,000 units and 180,000 units per month. If the company produces beyond 180,000 units per month, ________.

A) the fixed costs will remain the same, but the variable cost per unit may change B) the fixed costs may change, but the variable cost per unit will remain the same C) the fixed costs and the variable cost per unit will not change D) both the fixed costs and the variable cost per unit may change

Business

A special form on which is recorded pertinent data about a liability and the particulars of its payment is called a(n)

A) invoice B) voucher C) debit memo D) remittance advice

Business

The factors that are necessary for job satisfaction but do not motivate in Herzberg’s theory are called ____________________ factors, or maintenance factors.

Fill in the blank(s) with the appropriate word(s).

Business

The WACC is usually used as the risk-adjusted required rate of return for new projects that are of the same average risk as the firm's existing projects

Indicate whether the statement is true or false.

Business