[Book Sale] Yasmeen Offered to Sell Dylan a Used Business

question 29

Multiple Choice

[Book Sale] Yasmeen offered to sell Dylan a used business law book for $50. She told him that he could use it in his upcoming business law class the next semester. However, there was a problem with the book; it was several editions old. Dylan was not aware of that fact, and neither was Yasmeen. When Dylan took the book to class and realized the problem, he went back to Yasmeen requesting a refund. Yasmeen refused to return his money. She claimed that she did not commit fraud because subjectively she thought that the book was correct, and that a binding contract existed. The book, however, is outdated and cannot be appropriately used in the class.
-Which of the following would describe Yasmeen's role in the transaction?

• A) She was the offeror.
• B) She was the offeree.
• C) She was the assentor.
• D) She was the assentee.
• E) She was the offeree and the assentee.

Grasp the role of organizational design in fostering innovation and efficiency.

Identify the factors necessary for effective organizational design, including coordination of individual personalities, jobs, departments, and teams.

Understand the evolving marketplace trends and the strategic responses of organizations like Lowe’s Companies, Inc.

Recognize the importance of managing external relationships with suppliers and distributors for organizational success.

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Definitions:

U.S. Postal Service

A federal agency responsible for providing postal service in the United States, delivering mail and packages to residences and businesses.

UPS And FedEx

UPS and FedEx are two of the largest and most well-known global courier and package delivery service companies, operating extensive networks for shipping goods.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition.

Defense Contractor Industry

Companies that provide products and services to military departments and agencies, including the development and manufacturing of weapons, equipment, and technology.