An E-Contract Is Made When the Offeree Sends an E-Mail

question 68

True/False

An e-contract is made when the offeree sends an e-mail or another electronic document to the offeror.

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Definitions:

Resource Demand

Refers to the total amount of goods and services that businesses require to produce their own goods and services.

MRP

An acronym for Material Requirements Planning, a system used for production planning and inventory control, or alternatively for Marginal Revenue Product, the extra revenue generated from employing one more unit of a resource.

Wage Rate

The fixed amount of compensation paid to employees for their labor, typically expressed as a rate per hour.

Derived Demand

Defines the demand for a good or service that results from the demand for another good or service.