A(n) ________ Is Any Good, Service, or Idea That Is

question 102

Multiple Choice

A(n) ________ is any good, service, or idea that is perceived by someone as new. The idea may have a long history, but it is new to the person who sees it as such.

• A) innovation
• B) new idea
• C) enhancement
• D) product
• E) creative product

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Definitions:

Accelerated Payment

A payment method that allows for early settlement of a debt, often reducing the amount of interest.

Negotiate

The process of discussing terms and conditions to reach a mutual agreement between parties.

Check

A written order on a bank or banker payable on demand to the person named or his order or bearer and drawn by virtue of credits due the drawer from the bank created by money deposited with the bank.

Conditional Indorsement

Refers to a signature on a financial document, such as a check, that limits the conditions under which it can be valid.