Yvonne Finds a Carpenter to Do Some Repairs for Her

question 91

Multiple Choice

Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would pay him $1,000. This offer creates a(n) ________ contract.

• A) executed
• B) unilateral
• C) executory
• D) bilateral

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Definitions:

Monthly Sales

The total revenue generated from sales activities in one calendar month, often used to track business performance.

Net Operating Income

A company's revenue minus its operating expenses, not including taxes and interest, reflecting the profit generated from regular business operations.

Fixed Expenses

Costs that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and insurance premiums.

Operating Results

The financial outcomes of a company's business activities, including revenue, expenses, and profit, over a certain period.