What Document Authorizes the Manufacturing of a Product

question 22

Multiple Choice

What document authorizes the manufacturing of a product?

• A)master production schedule
• B)materials requisition
• C)move ticket
• D)production order

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Definitions:

Perfection

In the context of secured transactions, the legal process by which a secured party establishes the priority of its security interest against third parties.

Financing Statement

A document filed to give public notice of a secured creditor's interest in the property of a debtor, usually used in securing personal property transactions.

Secured Party

A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.

Revised Article 9

An update to the Uniform Commercial Code that deals with secured transactions, outlining the rules regarding the granting of a security interest in personal property.