Which of the Following Is True of Legally Claiming a Reward

question 43

Multiple Choice

Which of the following is true of legally claiming a reward?

• A) A promise of completing the requested act is sufficient for a claimant to claim the reward.
• B) The offeree must perform the requested act to claim the reward.
• C) The claimant can claim the reward even if he or she came to know of the reward subsequent to completing the act.
• D) The offeror cannot withdraw the reward once the offer has been placed in the public domain.

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Definitions:

Indifference Map

A set of indifference curves, each representing a different level of utility, that together show the preferences of a consumer.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at fixed prices.

Money Income

The total amount of monetary earnings or inflow received by an individual or entity, typically measured within a certain time period.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a fixed amount of income, given their prices.