Assuming Constantine Files a Financing Statement with the Correct Agency

question 47

Multiple Choice

Assuming Constantine files a financing statement with the correct agency, how long is a financing statement valid under the UCC?

• A) 30 days
• B) 90 days
• C) 1 year
• D) 5 years
• E) 10 years

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Definitions:

Goods and Services

Refers to tangible products and intangible activities that fulfill the needs or wants of consumers.

Factors of Production

Resources used in the production of goods and services, including labor, capital, land, and entrepreneurship.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.

Production Possibilities

The various combinations of goods and services that can be produced within an economy given available resources and technology.