Case-Based Critical Thinking Questions Case 3-2 Monica Is Working on a Report

question 24

Multiple Choice

Case-Based Critical Thinking Questions Case 3-2 Monica is working on a report for her art history class. She is using Microsoft Word for her report so that she can incorporate tables, text, and graphics into one document, but needs suggestions on fine-tuning her report. Monica is editing her report and notices that she has forgotten to insert a footnote on page 4. When Monica inserts the footnote, ____.

• A) she will create formatting issues in Word
• B) Word will insert an alternate numbering system for the new note
• C) Word will automatically renumber all footnotes
• D) she will have to renumber all subsequent footnotes

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Definitions:

Money Security Interest

A legal claim or lien on collateral (such as cash or deposit accounts) provided by a debtor to secure a loan or other credit, ensuring the lender has a priority claim over the funds in the case of default.

Chattel Paper

A legal term referring to a document or electronic record that evidences both a monetary obligation and a security interest in a tangible good or a lease.

Security Interest

A legal claim or lien on collateral that has been pledged, often to obtain a loan, to secure the payment or performance of an obligation.

Automatic Perfection

A legal concept in secured transactions where a security interest is perfected immediately upon attachment without any further action required by the secured party.