The Rule That If the Offer States That It Must

question 11

Multiple Choice

The rule that if the offer states that it must be accepted by mail, the acceptance becomes valid the moment it is deposited in the mail (even if it is never received by the offeror) is known as which of the following?

• A) The mirror image rule
• B) The postal rule
• C) The mailbox rule
• D) The stationery rule

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Definitions:

Variable Cost Per Unit

The cost that varies directly with the level of production or sales volume; it increases as production increases and decreases as production decreases.

Selling Price Per Unit

The amount of money charged for each unit of a product or service.

Target Profit

The amount of profit that a company aims to make in a certain period.

Annual Fixed Expenses

Expenses that do not change in total over a period of one year, regardless of the level of activity within a business.