An Acceleration Clause

question 149

Multiple Choice

An acceleration clause

• A) gives the purchaser recourse to the seller if a third party purchased the contract.
• B) demands all interest to be paid when an installment payment is missed.
• C) gives the lender security in all goods purchased.
• D) demands loan repayment when a payment is missed.
• E) allows prompt access to one s salary or wages.

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Definitions:

Operational Excellence

An element of organizational leadership that stresses the application of a variety of principles, systems, and tools toward the sustainable improvement of key performance metrics.

Control Phase

The control phase is part of a process or project management cycle focused on monitoring, evaluating, and making necessary adjustments to ensure desired outcomes.

Market Development Strategy

A growth strategy that employs the existing marketing offering to reach new market segments, whether domestic or international.

Competitive Advantage

The edge a business has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.