Which of the Following Statements Is TRUE

question 51

Multiple Choice

Which of the following statements is TRUE?

• A) Neither party can revive an offer once a counter offer has been made.
• B) The death or insanity of either the offeror or the offeree will always prevent acceptance.
• C) There cannot be a "meeting of the minds" if the offeror accepts the offeree's counter offer.
• D) An option will never come to an end by the mere lapse of time.
• E) A firm offer can be accepted any time before it is terminated.

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Definitions:

Preventive Maintenance

Regular and systematic inspection, cleaning, and repair of equipment and facilities to prevent sudden failure and ensure efficient operation.

Reactive

Responding to changes or issues as they occur rather than anticipating and preparing for them in advance.

MTBF Distributions

Mean Time Between Failures distributions, a statistical measure used to describe the expected reliability or availability of a system over time.

Infant Mortality

The failure rate early in the life of a product or process.