If the Means by Which an Acceptance Can Be Communicated

question 59

True/False

If the means by which an acceptance can be communicated to the offeror is expressly stated in the offer, it is called an "implied authorization."

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Definitions:

Sales Revenue

The total amount of money received by a company from its sales of goods or services before any expenses are subtracted.

DOL

Stands for Degree of Operating Leverage, which measures a company’s sensitivity of operating income to its sales.

EBIT

Earnings Before Interest and Taxes represent a company's profit before deducting expenses from interest and income taxes.

Sales Increase

An uptick in the amount of products or services sold by a company, typically measured within a specific time frame.