Where and how to perfect a security interest sometimesdepends on the classification of the collateral
Indicate whether the statement is true or false
True
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Which of the following statements correctly differentiates between commodity money and fiat money?
A. Commodity money is created by the government while fiat money is created in the private sector. B. Fiat money is created by the government while commodity money is created by the government. C. Commodity money can be used for transactions in the international market, while fiat money cannot be used for transactions in the international market. D. Fiat money has value decreed by the government, while commodity money is valued because of the material it is made of.
Which of the following is an appropriate internal control activity for cash?
a. The amount of cash on hand should be kept to a maximum. b. All payments should be made with currency, not checks. c. Banking facilities should be used as little as possible. d. Recordkeeping and custodianship over cash should be performed by separate individuals.
In which step of 5S do we “organize and arrange items in the work area into a logical pattern of work operations or simplified set of motions for the worker”?
a. sort b. straighten c. sustain d. standardize
If a supplier delivered goods that violated a trademark or patent, there would be a violation of the warranty of title
a. True b. False Indicate whether the statement is true or false