For an Offer to Be Valid

question 66

Multiple Choice

For an offer to be valid:

• A) the offeree must have knowledge of the offer.
• B) the offeree must have first-hand knowledge of the offer.
• C) the offer must be stated or communicated by words.
• D) the offer must be made by the offeror.

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Definitions:

Incubation Stage

A phase in the development of a startup or new project characterized by experimentation, ideation, and the initial development of a business model.

Creative Decision Making

The process of exploring alternative solutions to problems or opportunities in novel and nontraditional ways to arrive at effective solutions.

Reversal Technique

A strategy used in problem-solving or creativity that involves considering the opposite of what is expected or assumed.

New Ideas

Refers to original or novel thoughts, concepts, or perspectives that have not been previously considered or explored.