Which of the Following Would Be a Valid Offer

question 57

Multiple Choice

Which of the following would be a valid offer?

• A) Bob's brand new riding lawn mower will not start,so Bob yells,"I'd sell this thing for $10."
• B) Jane is a real estate agent,and while looking at a house she says,"I think we can get $50,000 for this place."
• C) Mary goes to a garage sale,sees a dresser she wants,and says,"Would you take $25 for this dresser?"
• D) John tells Rhoda,"I'll give you $500 for your motorcycle."

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Definitions:

Operational Reasoning

The stage of cognitive development, as identified by Piaget, in which children develop the ability to think logically about abstract concepts and concrete events.

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Hypothetical-Deductive Reasoning

A method of problem-solving that involves forming hypotheses and deducing their implications to see if they match with real-world facts.

Hypothetical-Deductive Reasoning

A method of problem solving or decision making that starts with a hypothetical situation and deduces logical outcomes.