Under Which of the Following Situations Does an Offer Immediately

question 3

Multiple Choice

Under which of the following situations does an offer immediately terminate?

• A) Revocation
• B) Revocation and rejection
• C) Death or incapacity of the offeror or illegality
• D) Revocation and death or incapacity of the offeror
• E) Illegality or lapse of time

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Definitions:

Units

Measurements or quantities of a product, item, or component, often used as a basis for production, inventory, or sales.

Waiting-Line Problem

A scenario in operational research where the focus is on reducing waiting times and improving service efficiency in queueing systems.

Operations

Activities involved in the day-to-day running of a business for producing and delivering products or services.

Average Time

The mean time taken to complete a task or process, calculated by summing all the recorded times and dividing by the number of observations.