A Perfected Purchase Money Security Interest in Inventory Is Likely

question 49

Multiple Choice

A perfected purchase money security interest in inventory is likely to have priority over a conflicting security interest in the same inventory if the:

• A) purchase money security interest is perfected three months after the debtor receives possession of the inventory.
• B) purchase money secured party gives an oral notification to the prior secured creditor before the debtor receives the inventory.
• C) holder of the competing security interest received notification within eight years before the debtor receives the inventory.
• D) notification states that the person expects to acquire a purchase money security interest in inventory of the debtor and describes the inventory.

Understand the complex nature of supply chains and the factors contributing to their complexity.

Identify the impact of consumer empowerment on supply chain management.

Understand the issues and challenges in developing and sustaining an efficient and effective supply chain.

Recognize the factors not contributing to supply chain efficiency and effectiveness.

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Definitions:

Public Sector Workers

Employees who work for government entities at the federal, state, or local level, including education, emergency services, and healthcare.

Unionization

The process of forming or joining a union, where workers unite to negotiate with employers over wages, hours, benefits, and working conditions.

Craft Workers

Employees who possess specialized skills in a particular trade or craft, often requiring specific training and apprenticeships, such as carpenters, electricians, or plumbers.

Big Business

Large-scale corporate enterprises that have a significant impact on the economy and society.