Which of the Following Is True of a Binding Contract

question 9

Multiple Choice

Which of the following is true of a binding contract?

• A)It allows an offer to be revoked once the contract is formed.
• B)It is created when an offeree accepts an offer that has been properly communicated.
• C)It is considered valid when the offer made is indefinite in nature.
• D)It is created when the offeror clearly shows an intention to make an offer.

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Definitions:

Personnel Expenses

Costs associated with employee compensation, including wages, benefits, and payroll taxes.

Client-Visits

The instances when a service provider meets with their clients, either in person or virtually, for consultation or service delivery.

Planning Budget

A financial plan that estimates the revenue and expenses for an organization over a specific period, taking into account projected operations and initiatives.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding deductions for interest and taxes.