________ 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
Answer: B
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The newer the buying task, and the more complex and costly the item, the lesser the amount of time the buyer will spend searching for suppliers
Indicate whether the statement is true or false
Which of the following is an example of a routine business request?
A) Asking your manager to grant you the leave which he had cancelled earlier B) Explaining a travel expense to the accounting department C) Persuading a client to postpone a project so that your company can take the job D) Asking your team leader to extend the project deadline E) Persuading your team leader to let you work in a flexible schedule
Viral marketing primarily uses which of the following communication channels?
A) billboards B) print media C) radio D) cable television E) the Internet
Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment?
A. debit Cash, $2,000; credit Interest Revenue, $2,000. B. debit Unrealized Gain-Equity, $2,000; credit Cash, $2,000. C. debit Cash, $4,000; credit Long-Term Investments-HTM, $4,000. D. debt Cash, $2,000; credit Long-Term Investments-HTM, $2000. E. debit Cash, $4,000; credit Unrealized Gain-Equity, $4,000.