Cross has an unperfected security interest in the inventory of Safe, Inc. The unperfected security interest A. Is superior to the interest of subsequent lenders who obtain a perfected security interest in the property. B. May only be perfected by filing a financing statement. C. Causes Cross to lose important rights against Safe as an entity. D. Is subordinate to lien creditors of Safe who become such prior to any subsequent perfection by Cross.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

How many months does the federal budget usually take to prepare