According to the UCC, Which of the Following Should a Financing

question 47

Multiple Choice

According to the UCC, which of the following should a financing statement list?

• A) The names and addresses of all parties involved only.
• B) The names and addresses of all the parties involved and a description of the collateral only.
• C) The names and addresses of all the parties involved, a description of the collateral, and the signature of the debtor.
• D) The name of the financing bank and the name of the debtor, and a description of the collateral.
• E) The name of the financing bank, the signature of the debtor, a description of the collateral, and details of the loan repayment schedule.

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Definitions:

Business Level

Refers to the strategies and activities of businesses aimed at achieving competitive advantage in a specific market or industry.

Functional Areas

Specific categories within a business or organization that are responsible for distinct tasks, such as marketing, finance, or human resources.

Objective And Task Method

A budgeting method where specific objectives are set first, and then tasks are determined to achieve these objectives, with costs attached to these tasks.

Percentage Of Ad Spend Method

A budgeting strategy for advertising where the allocation is based on a fixed percentage of sales or projected sales revenue.