Which Is an Irrevocable Offer

question 34

Multiple Choice

Which is an irrevocable offer?

• A) A bid to construct a bridge for the city
• B) An offer to buy stock in the ABC Corporation once it is formed
• C) A unilateral offer to pay John $30 to mow your lawn at the point that he has completed half the job and indicates he wishes to finish
• D) All of these.

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Definitions:

Ambiguity

The quality of being open to more than one interpretation; inexactness or uncertainty in meaning.

Aid

Assistance provided for the purpose of relief and support, often in the context of financial, material, or medical help.

Pluralistic Ignorance

A psychological phenomenon where individuals mistakenly believe their feelings and beliefs are different from those of the group, even when others share the same views.

Bystander Apathy

A social psychological phenomenon that refers to the observation that individuals are less likely to offer help to a victim when other people are present, often due to the diffusion of responsibility.