What Is the Meant by the Statement That an Offer

question 9

Multiple Choice

What is the meant by the statement that an offer "has lapsed"?

• A) that the time for acceptance by the offeror has passed
• B) that the offer must be available for acceptance
• C) that the offeror has lost the capacity to fulfill the contract
• D) that the rejection of the offer has occurred

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Definitions:

Labour Requirements

The amount and type of labor necessary to produce a certain quantity of goods or to provide services.

Zero-Base Budgeting

A budgeting approach where every expense must be justified for each new period, starting from a "zero base," with no reference to prior years' budget.

Redundant Activities

Processes or tasks that are unnecessary or duplicative, leading to inefficiency within an organization.

Continued Usefulness

Refers to the ongoing applicability or relevance of an asset, product, or process.