A Buyer Has a Receipt for Goods That Are Being

question 7

Multiple Choice

A buyer has a receipt for goods that are being stored in a warehouse. He uses that receipt as collateral in another transaction. With reference to the various categories of indispensable paper, the receipt is most likely to be an example of a(n) ___.

• A) document
• B) license
• C) chattel paper
• D) instrument

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Definitions:

Power

The rate at which work is done or energy is transferred in a unit of time.

Degrees

A unit of measurement for angles, or a measure of temperature.

Crankshaft Rotation

The movement of an engine's crankshaft, converting linear motion from pistons into rotational motion for power.

Volumetric Efficiency

The ratio of air drawn into a cylinder compared to the maximum air that could enter the cylinder. Most gas engines are about 80 to 90 percent volumetrically efficient.