Overextended Debtor.Dennis purchased a big-screen television from ABC Electronics and financed the purchase through ABC Electronics based on an agreement granting ABC Electronics a security interest in the television and requiring that Dennis make monthly payments.Three months later,Dennis was unable to continue making payments on the television because he had bought a boat,a new car,an expensive engagement ring for his girlfriend,and some other items.The manager from ABC Electronics called and asked Dennis to return the television.Dennis refused on the basis that ABC Electronics never perfected its interest in the television.Which of the following is the proper designation under the Uniform Commercial Code for the television?

A) It is a consumer good.
B) It is a pledge.
C) It is an allonge.
D) It is unsecured property.
E) It is both unsecured and unperfected property.

Inventory system that updates the merchandise inventory account only at the end of the accounting period based on a physical count of merchandise on hand.
a. Credit terms
b. FOB destination
c. FOB shipping point
d. Periodic inventory system
e. Perpetual inventory system
f. Inventory shrinkage
g. Single-step income statement
h. Multiple-step income statement

The MARS model explicitly identifies which of the following factors?

A) Money
B) Recreational activities
C) Neuroticism
D) Situational factors
E) All of the above