Which of the Following Statements Is TRUE Regarding the 2011

question 119

Multiple Choice

Which of the following statements is TRUE regarding the 2011 Thoku earthquake and tsunami?

• A) It devastated eastern sections of Japan.
• B) Some manufacturers around the globe had been relying exclusively on suppliers located in the affected zones.
• C) Japanese-built vehicle outputs for Toyota and Honda were down more than 60% in the month following the disaster.
• D) Manufacturers in several industries worldwide took 6 months or longer before they saw their supply chains working normally again.
• E) All of these are true.

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Definitions:

Security Interest

A legal claim or encumbrance on property or assets, securing the payment of a debt or performance of some other obligation.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay.

Perfected Interest

A legal claim or lien that has been formally established to secure priority over other claims concerning the same asset or property.

Repossession

The process by which a creditor takes back property from the borrower, due to failure to make required payments.