When a Business Lends Another Business Money, It Should Perfect

question 418

Multiple Choice

When a business lends another business money, it should perfect its security interest by:

• A) applying to the IRS for security
• B) filing its financing statement with the state secretary of state
• C) preparing its inventory for satisfaction
• D) obtaining a late-term guarantor
• E) none of the other choices

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Definitions:

Performance

A measure of how well an individual, group, or organization achieves their objectives or goals.

Rewards

Benefits or compensation given in recognition of an individual’s or group’s effort, achievement, or service.

Job Satisfaction

The level of contentment or happiness an individual feels towards their job, which can influence their motivation and effectiveness at work.

Customer Satisfaction

Customer Satisfaction is a measure of how products or services supplied by a company meet or surpass customer expectations.