The Management Department at a Local University Began Posting All

question 38

Multiple Choice

The management department at a local university began posting all assignments and other class materials to a course management website instead of creating a packet or printed materials for students to purchase each term.The management department is implementing a ______ innovation.

• A)process
• B)product
• C)policy
• D)breakthrough
• E)reactive

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Definitions:

Filing

The process of submitting documents to a specified authority or organization for official review or record-keeping.

Perfects

The process of securing a legal interest or claim in collateral or property, often used in finance and legal contexts to ensure rights are enforceable.

Financing Statement

A document filed by a creditor to indicate a security interest in the debtor’s assets, used to perfect a lien.

Secured Party

An individual or organization that holds interest in a secured transaction as a creditor, protected by collateral.