A Special Purpose Vehicle Is

question 23

Multiple Choice

A special purpose vehicle is:

• A) a sub- prime debt
• B) a secure vehicle for transporting high risk individuals
• C) a collateralised debt
• D) a legal entity created to buy and sell collateralised debt

Understand the purpose and benefits of digitized supply chain management (SCM) networks.

Recognize the continued relevance of traditional tools like spreadsheets and database software in supply chain information systems (SCIS).

Identify key trends driving the growth of information technology in supply chain management.

Appreciate the importance of information quality in effective business decision-making.

---

Definitions:

Primarily Liable

Primarily liable refers to the party that is first and foremost responsible for fulfilling an obligation or compensating for a liability.

Secondarily Liable

Secondarily liable refers to a party's obligation to pay a debt or perform a duty if the primary party responsible fails to do so.

Reacquired

Refers to buying back previously sold or issued shares of a company's own stock or previously owned assets.

Discharged from Liability

The legal release of an individual or entity from any further responsibility for a debt or obligation.