Which of the following is true of perfection by possession of collateral?
A) A creditor cannot take possession of the collateral until a financing statement is filed.
B) No financing statement has to be filed if the creditor has physical possession of the collateral.
C) A debtor cannot acquire security against the collateral without filing a financing statement.
D) A financing statement can be filed only against intangible personal property placed as collateral.
B
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Under continuous budgeting a new month is added to the end of the budget period each time the present month expires so that a twelve-month budget is available at all times.
Answer the following statement true (T) or false (F)
Irrelevant costs are costs that are
a. different among alternatives. b. avoidable costs. c. opportunity costs. d. sunk costs.
Discuss how power and politics are related.
What will be an ideal response?
Which of the following statements about dividends is correct?
A. Companies sometimes issue stock dividends to lower the market price per share of stock. B. A corporation has a legal obligation to pay dividends each year. C. Stock dividends immediately increase the total value of the stockholders' investment. D. Cash dividends and stock dividends both decrease total stockholders' equity.