The Most Important Element in Determining Whether a Sales Contract

question 43

Multiple Choice

The most important element in determining whether a sales contract has been made is the:

• A) intent of the parties to make a contract.
• B) fact that the terms of the offer and acceptance are exactly alike.
• C) language of the contract.
• D) number of open terms.

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Definitions:

Communicating

The process of transferring information, ideas, thoughts, and feelings between people through speech, writing, signals, or behavior.

Bureaucratic Approach

A method of organization emphasizing a structured hierarchy, strict rules, and a clear division of responsibilities to achieve efficiency.

Scientific Approach

A methodical process used for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge, based on empirical or measurable evidence.

Theory X

A management theory assuming employees are inherently lazy and will avoid work if they can, necessitating control and coercion by managers.