Which of the Following Is True

question 5

Multiple Choice

Which of the following is true?

• A) After making a counteroffer a party may accept the original offer.
• B) A rejection terminates the offer and ends the power to accept the offer
• C) If the offer specifies no time limit,the offeree has 2 day to accept.
• D) all of the above

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Definitions:

Cost of Goods Sold

The total cost associated with making or acquiring any goods sold during a reporting period, including material, labor, and overhead costs.

Gross Profit

The financial profit a company makes after subtracting the cost of goods sold from total sales revenue.

Cost of Goods Sold

The total expense of producing or purchasing the goods that were sold to customers during a specific period.

Merchandise Sold

The goods that a company has sold to its customers; relates to revenue generation in businesses dealing with physical products.