A Manager Has a Choice of Three Different Bank Term

question 50

Multiple Choice

A manager has a choice of three different bank term deposits that pay different amounts of interest over different time periods.The manager is operating under which condition?

• A)Jeopardy
• B)Certainty
• C)Risk
• D)Uncertainty

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Definitions:

Part Performance

A doctrine that permits the courts to enforce an unwritten contract concerning land where certain conditions have been met.

Specific Performance

A legal remedy where a court orders a party to perform their obligations under a contract, rather than simply paying damages for breach.

Memorandum

A written record or communication used in business or diplomatic activities.

Statute of Frauds

A rule of law mandating that some agreements must be documented in written form to be legally binding.