Angie Borrows $20,000 from Credit Line Company Using a Stand

question 63

Multiple Choice

Angie borrows $20,000 from Credit Line Company using a stand of timber as collateral. To perfect its security interest, Credit Line must file its financing statement with​

• A) ​the county clerk.
• B) ​the mayor.
• C) ​the state lumbermen's association.
• D) ​the secretary of state.

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Definitions:

Scientific Management

A theory of management that analyzes work flows to improve economic efficiency, especially labor productivity, developed by Frederick Taylor.

Line Managers

Managers who are directly involved in day-to-day operations and have a direct responsibility for achieving the organization's goals.

Pay Raises

An increase in an employee's salary or wages, often based on performance, promotion, or inflation adjustments.

Staff Function

Support roles within an organization that provide specialized advice and assistance to line management.