Under the Objective Theory of Contracts,a Contract Could Result from an Offer

question 40

Multiple Choice

Under the objective theory of contracts,a contract could result from an offer made:

• A) in jest
• B) in anger
• C) due to a need to sell an item quickly
• D) due to undue excitement

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Definitions:

Return on Investment

A measure of the profitability of an investment, calculated by dividing the net gains from the investment by its cost.

Investment Turnover

A ratio measuring how efficiently a company generates sales from its inventory investments.

Profit Margin

A financial metric expressing the percentage of revenue that remains as profit after all operating expenses are deducted.

Return on Investment

A financial metric used to measure the efficiency of an investment, calculated by dividing the profit gained from the investment by its cost.