Lisa Goes to the Local Appliance Store and Buys an Oven

question 44

Multiple Choice

Lisa goes to the local appliance store and buys an oven on credit. The store extends her credit. The store's security interest in the oven perfects when:

• A) Lisa completes the financing statement and leaves with the oven
• B) the store files the financing statement with the Secretary of State
• C) the store posts notice of Lisa's security interest in the newspaper
• D) the store posts notice of its security interest
• E) the store notifies consumer credit agencies of the existence of the security interest

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Definitions:

Global Marketplace

Refers to the international trading environment where goods and services are bought and sold across national borders.

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Marketers

Professionals involved in the activities, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Global Entry Strategies

Techniques and methods businesses use to enter foreign markets, including exporting, licensing, franchising, or through joint ventures.