Fact Pattern 17-A1 (Questions A9-A10 Apply)

question 9

Multiple Choice

Fact Pattern 17-A1 (Questions A9-A10 apply)
Mutual Company enters into a contract to employ Neil as an investment manager for two years.During the first year,Neil is often absent without explanation and when present fails to adequately monitor and manage Mutual's investments.
-Refer to Fact Pattern 17-A1.With respect to Mutual's duties,Neil's performance most likely

• A)discharges Mutual from the contract.
• B)has no effect on Mutual's performance.
• C)increases Mutual's duties under the contract.
• D)suspends Mutual's duty to perform.

---

Definitions:

People Employed

Refers to the number of individuals in a specific area, sector, or economy who are currently working in paid positions.

Adult Population

The segment of the population that comprises individuals who are considered adults, typically measured by age, and which can participate in activities such as voting and working.

Labor-force Participation Rate

The percentage of the working-age population that is either employed or actively looking for employment.

Population Participation

Often referred to as the labor force participation rate, it measures the proportion of the working-age population that is employed or actively looking for employment.