Fact Pattern 20-2

question 72

Multiple Choice

Fact Pattern 20-2
Technical Support Corporation uses its office equipment as collat?eral for a loan from United Bank.The bank files a financing statement with the secretary of state in the state in which Technical Support was chartered.One year later,Technical Support changes its name to Vector,Inc.
-Refer to Fact Pattern 20-2.United Bank's perfection will remain effec?tive for

• A)five years from the date of the name change.
• B)five years from the date of the original filing.
• C)six months from the date of the name change.
• D)no time.

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Definitions:

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Categorical Variables

Variables that represent categories with qualitative characteristics, such as gender, race, or yes/no responses, and do not inherently carry a numerical value.

Information

Data that have been processed, organized, or structured in a way that adds meaning or value, making it useful for decision-making or analysis.

Quantitative Variables

Variables that can be quantified and measured, having numeric values that represent different magnitudes of the variable.