Automatic Perfection Means That

question 20

Multiple Choice

Automatic perfection means that:

• A)no financing statement need be filed.
• B)no agreement need be made between the debtor and the secured party.
• C)no value need be advanced.
• D)All of the above.

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Definitions:

Mitigating Uncertainty

The strategies and actions taken to reduce the unknown factors or volatility in operations, supply chain, and market environments.

Excess Capacity

The condition in which a company can produce more goods than the market demands.

Cold Cuts

Thinly sliced varieties of cooked or cured meats that are often served cold.

Efficient Supply Chains

Supply chains that are optimized to minimize costs and waste while maximizing productivity and customer value.