Asked by Kaohulani Palakiko on Apr 24, 2024
Verified
A stove in the hands of a manufacturer is classified as ________;if it is used in a restaurant it is ________;if it is used in a home it is classified as ________.
A) equipment;inventory;consumer goods
B) inventory;equipment;consumer goods
C) consumer goods;inventory;equipment
D) equipment;consumer goods;inventory
Manufacturer
A company or individual that produces finished goods from raw materials in large quantities using tools, machinery, and labor.
Restaurant
A business establishment where meals or refreshments may be purchased by consumers.
Consumer Goods
Items that are purchased for personal or household use, rather than for manufacturing or resale purposes.
- Differentiate between types of collateral and their specific handling under the UCC.
Verified Answer
Learning Objectives
- Differentiate between types of collateral and their specific handling under the UCC.
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