You are correct!
From our dictionary:
ac•qui•escePronunciation: (ak"wE-es'), [key] —v.i., -esced, -esc•ing. to assent tacitly; submit or comply silently or without protest; agree; consent: to acquiesce halfheartedly in a business plan.
Yesterday's Word Quiz | Tomorrow's Word Quiz Analogy Quiz Spelling Bee Advanced Word Quiz