By Submitting a Tender, a Party Normally

question 27

Multiple Choice

By submitting a tender, a party normally

• A) prevents the other party from revoking its bid.
• B) accepts an offer to create a fair bidding process.
• C) creates an invitation to treat.
• D) creates an enforceable contract, called an option, to create another contract in the future.
• E) accepts an offer to enter into a contract for services.

---

Definitions:

Issue Life Cycle

The progression of a topic or problem through stages of emergence, growth, maturity, and decline in public and media attention.

Crisis Stage

A critical phase within a crisis situation where immediate decisions and actions are required to manage and resolve the crisis effectively.

Issues Management

The process of identifying, managing, and responding to issues that could potentially harm an organization's reputation or financial wellbeing.

Company's Reputation

The general public's perception of a company's credibility, reliability, and trustworthiness.