Identify and State the Historical Significance of the Following

question 28

Short Answer

Identify and state the historical significance of the following:
-crop-lien system

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Definitions:

Financing Statement

A document filed to give public notice to secured creditors about a debtor’s assets used as collateral, typically in connection with securing a loan.

Repossession

The process by which a creditor takes back property from the debtor when the debtor does not make payments due on the property.

Empowerment

The practice of giving employees more responsibility and authority to make decisions and control over their work.

Sharing Power

The distribution of authority and decision-making responsibilities among individuals or groups within an organization.