-Refer to Table 8-1

question 163

Multiple Choice

-Refer to Table 8-1. If the market price of each camera case is $8 and the firm maximises profit, what is the amount of the firm's profit or loss?

• A) $0 (it breaks even)
• B) loss of $1000
• C) profit of $440
• D) loss of $440

---

Definitions:

Improper Filing

The submission of legal or official documents in a manner that does not comply with prescribed requirements or regulations.

Unperfected

Refers to a security interest or lien that has not been properly recorded or filed according to law, thus not fully enforceable against third parties.

Secured Transaction

A secured transaction involves a security interest in personal property, which serves as collateral for repayment of a debt or performance of an obligation.

Personal Property

Items of property that are not attached to real estate, such as vehicles, furniture, and electronics.