In the above scenario, to avoid legal nuisance, Frasier decides to compromise with James. He asks James to fix a tap in the barn for $250, and modify the current contract to include the tap in the barn

James agrees to this, and does as asked while Frasier remakes the contract. Which of the following would this kind of settlement be referred to as?
A) duress
B) past consideration
C) accord
D) mirror image rule acceptance


C

Business

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At the time that an AP/CD process makes payment for goods or services, the process generally follows which order."

a. select and record payments, prepare proposed payments, issue and record disbursements b. prepare proposed payments, issue and record disbursements, select and record payments c. issue and record disbursements, select and record payments, prepare proposed payments d. prepare proposed payments, select and record payments, issue and record disbursements

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Working capital may be tied to certain debt covenants causing cash to be considered significant for audit purposes

a. True b. False Indicate whether the statement is true or false

Business

Verizon implements a program of texting its current customers to find out what changes they would like to see in the services provided. The firm is exhibiting characteristics associated with which of the following orientations?

A. Production B. Sales C. Market D. Social E. Development

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What is an advantage in using mixed methods approach?

a) Better for more complex situations b) Requires additional and diverse skills c) Contacting two study populations d) All of the above

Business