What Might Happen If You Do Not Have the Most

question 2

Multiple Choice

What might happen if you do not have the most recent version of a code?

• A) Codebooks get dirty in the welding shop and older ones are often hard to read.
• B) The agencies offering the code move from time to time and you may not be able to find them if you do not have the current code.
• C) Codes change from time to time and not having the current code may mean the weld test you take might not be approved in the new version.
• D) Codes have been the same for years and the only value to a new codebook is it may be available on the web as a download and be much cheaper.

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Definitions:

Collateral

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

Purchase-Money Security Interest

A legal claim or lien on property that secures payment of the price or an obligation incurred for the property's purchase.

Consumer Good

A good used or bought for use primarily for personal, family, or household purposes.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically detailing income, assets, liabilities, and equity at a specific point in time.