Which of the Following Is a Disadvantage of Standardized Services

question 11

Multiple Choice

Which of the following is a disadvantage of standardized services?

• A) The company providing the standardized service may not know the idiosyncrasies of the buyer firm's industry.
• B) The company providing the standardized service may know the idiosyncrasies of the buyer firm's industry.
• C) Buyers have little control over what information is collected.
• D) It is regulated by the FTC, Standardized Services Division.
• E) Data are distributed only every six months to end users.

---

Definitions:

Option

In finance, a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.

Revoking

The action of withdrawing, canceling, or annulling something previously granted, such as a privilege, right, or contract.

Offer

A proposal by one party to enter into a contract upon specified terms, subject to acceptance.

Postbox Rule

A principle in contract law where an offer is considered accepted the moment the acceptance is sent, rather than when it is received by the offeror.