A(n) ________ refers to a condition whose occurrence or nonoccurrence of a specific event automatically excuses the performance of an existing contractual duty to perform
A) Condition precedent
B) Condition subsequent
C) Concurrent condition
D) Implied condition
B
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As a general rule, about 20% of a company's customers generate a loss instead of a profit for the company
Indicate whether the statement is true or false
Who purchases the company in an employee stock option plan?
a. private shareholders b. a legal entity composed of employees c. the employees d. a bank trust fund
The Pregnancy Discrimination Act of 1978 requires that employers
a. provide paid leave to pregnant women. b. provide paid leave to pregnant women and paternity leave to the fathers. c. consider pregnancy as a temporary disability, treating pregnant women as they would any other temporarily disabled employee. d. provide health insurance for the mother and child for the first five years of life.
Which one of the following is NOT a financial side effect to account for when developing the adjusted net present value of a project?
A) subsidized financing from governments B) the Federal Reserve Chair announces an interest rate increase C) the cost of issuing securities D) the costs of financial distress