________ is a mutual agreement to rescind an original agreement and substitute a new one for it
A) Substituted agreement
B) Condition precedent
C) Accord and satisfaction
D) Novation
C
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Derrick, a finance graduate, has joined an accounting firm. The firm opens a bank account for him in which his salary gets automatically deposited. He receives a modest but consistent amount of interest on the deposited amount. He does not use the money from the account for his daily expenses but keeps it aside to cover major future expenses. In the context of this scenario, which of the following accounts has the firm opened for Derrick?
A. A concentration account B. A basic checking account C. A fixed deposit account D. A savings account
A cooperative business between two or more companies may be:
a. a joint-venture. b. a merger. c. a multinational corporation. d. All of the above
Which of the following statements about tax-deferred retirement plans in the U.S. is true?
I. Women, on average, receive lower employment-based retirement income than men. II. One way to hedge against inflation is to invest lump-sum pension distributions in fixed-income investments. A) I only B) II only C) both I and II D) neither I nor II
Most student teams are concerned with ________. The first criterion for a successful team.
A. being on time B. growth in team capability C. meaningful and satisfying experience D. successful outcomes E. getting better