_____ Is a Program That Distributors Market to Manage Their

question 28

Multiple Choice

_____ is a program that distributors market to manage their customers' inventory for them.

• A)Just-in-time
• B)Supplier managed inventory
• C)Self-managed inventory
• D)Countertrade
• E)Preferred supplier inventory

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Definitions:

Chose In Action

The thing or benefit that is transferred in an assignment; intangible personal property, such as a claim or the right to sue.

Personal Property Security Act

Legislation that outlines the rules for creating and enforcing security interests in personal property, offering a way for creditors to secure repayment of debt.

Attachment

A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.

Perfection

Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.