The Database Management System, Containing Data Related to All an Organization's

question 10

True/False

The database management system, containing data related to all an organization's applications, supports normal data processing needs and enhances the organization's management activities by providing data useful to managers.

---

Definitions:

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used to perfect a lien.

Perfection

In the context of securing interests in property, it is the process of completing all required legal steps to enforce a security interest against third parties.

Chattel Paper

A document or records indicating both a monetary obligation and a security interest in or lease of specific goods.

Collateral

Assets or property offered as security for a loan, to be forfeited in the event of default.