Creditors are those who lend money to others or deliver goods and services before being paid
Indicate whether the statement is true or false
True
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The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:
A) import control zones. B) special tariff zones. C) global business zones. D) free trade zones. E) duty free zones.
_____ provide information about liquidity—a firm's ability to meet short-term obligations as they come due
a. Working capital, only b. Current ratio, only c. Working capital and current ratio d. Positive leverage ratio e. Cash flows ratio
Which of the following is most. likely to qualify as a driving force?
A. an increase in the prices of substitute products B. decisions on the part of industry's three biggest competitors not to pursue a strategy of striving to be the industry's low-cost leader C. decisions by one or more outsiders not to attempt to enter the industry D. successful introduction of innovative new products or new ways to market products E. increases in price cutting by rival sellers and the launch of major new advertising campaigns by one or more rivals
Country Bank, located in Indiana, loaned Chmelik $5,000 and obtained a security interest in a copyright Chmelik owns. Chmelik lives in Illinois, but works in Indiana. In order to perfect its interest, Country Bank files a financing statement in Indiana. The financing statement provides Chmelik's correct name, his business address, and a reasonable description of the copyright used as collateral
Is the financing statement sufficient? a. Yes, it meets the UCC requirements for contents and filing. b. No, if the debtor is an individual, the secured party must file in the state of the debtor's principal residence, which in this case would be Illinois. c. No, the contents of the financing statement are incomplete. d. Both b and c are correct.