Select the Correct Statement from the Following

question 17

Multiple Choice

Select the correct statement from the following:

• A)B2C is typically many line items per order while B2B is typically few line items per order.
• B)B2C is typically few line items per order while B2B is typically many line items per order.
• C)B2C uses purchase order forms while B2B utilizes credit card purchasing.
• D)B2C buyers usually have a relationship with the seller while B2B do not have a prior relationship.

Understand the concept and importance of a secured transaction.

Recognize the conditions under which a security interest can be created and perfected.

Identify the effects of default on a secured transaction.

Understand the concept of a floating lien and its implications.

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Definitions:

Lease Agreement

A contract specifying the terms under which one party agrees to rent property owned by another party.

Rent Control

Government-imposed limits on the amount of rent a landlord can charge for residential housing, aimed at making housing more affordable for tenants.

Security Deposit

A sum of money held by a landlord or lender as a safeguard against damage or non-payment, to be returned or applied appropriately after certain conditions are met.

Navigable Airspace

The space above 1,000 feet over populated areas and above 500 feet over water and unpopulated areas.