A Buyer in the Ordinary Course of Business Has Priority

question 22

True/False

A buyer in the ordinary course of business has priority unless a previously perfected security interest exists as to the goods.

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new employees or the rate at which inventory is sold and restocked.

Average Operating Assets

A measure of the investment needed to generate the operating income of a company, averaged over a period.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment relative to its cost.

Residual Income

The income that remains after all personal debts and expenses have been paid from one's net income.