Which of the Following Offers Are Considered to Be Irrevocable

question 37

Multiple Choice

Which of the following offers are considered to be irrevocable for a given period?

• A)Firm offers.
• B)Option contracts.
• C)A writing signed by a merchant offering to hold open an offer for the sale of goods for a stated period.
• D)All of the above.

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Definitions:

Increasing Inputs

Refers to a situation in production or economics where there is a rise in the resources used to produce goods or services.

Holding Outputs

The act of retaining finished goods or services before they are sold or delivered to the next stage of the supply chain or to customers.

Assembly Line

A manufacturing approach in which items are sequentially joined to create a finished product in an efficient way.