Tim Mails an Offer to Brian on June 15

question 21

Multiple Choice

Tim mails an offer to Brian on June 15. Brian receives the offer on June 16. Tim mails a revocation of the offer on June 17. Brian mails a letter of acceptance on June 18. Brian receives the revocation on June 19. Tim receives the letter of acceptance on June 20. Was a contract formed?

• A) Yes, on June 16.
• B) Yes, on June 18.
• C) Yes, on June 20.
• D) No, the offer was revoked before acceptance.

Calculate the probability of outcomes based on different scenarios and conditional factors.

Understand and apply the concept of weighted probabilities in calculating overall satisfaction or outcome probabilities.

Understand the principles of effective writing including consistency, parallel structure, sentence variety, and fresh, concise language.

Appreciate the importance of adding specific details or examples to enhance sentence or paragraph interest.

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Definitions:

Consumer Agency

An organization or body that represents the interests of consumers, often involved in regulation, information dissemination, and advocacy.

Pharmaceutical Companies

Businesses involved in the research, development, production, and marketing of drugs and medications.

Undercoverage

A bias in survey sampling that occurs when some members of the population are inadequately represented or not included in the sample.

Telephone Survey

A method of collecting data or opinions from a sample of individuals by contacting them through their telephone numbers.