Which of the following requires a filing for perfection?

A. A purchase money security interest in consumer goods.
B. A purchase money security interest in equipment.
C. A security interest in negotiable promissory notes.
D. None of the above.

B. A purchase money security interest in equipment.

Business

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Creating a BCP in the U.S. requires:

A) inventorying all desktop PCs, but not laptops. B) keeping files on magnetic tape. C) identifying interdependencies between critical business processes and business units. D) following Federal Rules of Civil Procedure.

Business

Which of the following phrases is used to describe an option where immediate exercise results in a positive payoff?

A) At-the-money B) In-the-money C) Near-the-money D) Out-of-the-money

Business