If X Makes an Offer to Y, Which of the Following

question 1

Multiple Choice

If X makes an offer to Y, which of the following is not an effective means of communicating acceptance?

• A)Y sends her acceptance by registered post.
• B)Y sends her acceptance by fax.
• C)Y sends her acceptance by SMS.
• D)Y tells X's neighbour of her intention to accept the offer.

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Definitions:

Current Liabilities

Short-term financial obligations due within one year, including accounts payable, short-term loans, and other debts.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxes, and interest payments.

Gross Margin

The difference between sales revenue and the cost of goods sold, divided by sales revenue, expressed as a percentage. It represents the proportion of sales revenue that exceeds direct costs.

Gross Profit

The financial metric determining the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.