If an Offer Is Not Accepted, Rejected or Revoked It

question 39

Multiple Choice

If an offer is not accepted, rejected or revoked it will lapse:

• A)after a reasonable amount of time has elapsed.
• B)after a period of 30 days.
• C)when the offeror has communicated to the offeree that the offer has lapsed.
• D)never.The offer will remain open until it is accepted, rejected or revoked.

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Definitions:

Adjustments

Modifications made to improve functionality or performance, often referring to therapeutic manipulation of the spine or joints.

Single-Entry Bookkeeping System

An accounting method in which each financial transaction is recorded only once in account books; similar to a checkbook register; the journal for each transaction is recorded in one column, or on a single line, to account for either a positive or negative amount to demonstrate the receipt or disbursement of cash.

Checkbook Register

A record of all deposits, withdrawals, checks, and transactions made through a checking account.

Cash Control Sheet

A financial document used to track the inflow and outflow of cash within a business to ensure accurate accounting and prevent fraud.