Information from Formal Networks Is __________ Than Information from Informal

question 3

Multiple Choice

Information from formal networks is __________ than information from informal networks.

• A) less efficient and more accurate
• B) less efficient and less accurate
• C) more efficient and more accurate
• D) more efficient and less accurate

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Definitions:

Purchase Money Security Interest

A security interest that is (1) taken or retained by the seller of collateral to secure all or part of its purchase price or (2) taken by a debtor to acquire rights in or the use of the collateral if the value is so used.

Inventory Collateral

Assets from a company's inventory that are pledged to secure a loan.

Notification

The act of formally or officially informing someone about a fact, condition, or event.

Prior Perfected

A legal status indicating that a security interest or lien has been formally established and has priority over others in the same property.