In Which of the Following Scenarios Has an Offer Been

question 10

Multiple Choice

In which of the following scenarios has an offer been validly accepted?

• A) While driving around town, Nathan sees his neighbour's dog and brings it back home to him. His neighbour was offering a £50 reward for anyone who finds the dog, but Nathan was unaware of this.
• B) Quagmire Industries is looking for a new corporate headquarters. After months of negotiations, Relex Realtors faxes them a final offer '£37 million, reply by midnight'. Quagmire faxes an acceptance at 11.55pm, but the ink has run out on Relex's fax. The fax can only be printed out the following morning when the toner is replaced.
• C) The Port Authority of South East England invites tenders to provide towage facilities for the port of Ramsgate. The invitation states: 'All tenders must be sent by Friday before 12.00pm by registered mail'. Towex sends a tender on Friday at 11.00am by regular mail.
• D) All of the options given are correct.

Learn the process for calculating desired ending inventory levels.

Understand the production budget process and its components.

Recognize the implications of budgeting models and their application in management.

Understand the concept of cash and credit sales, and the timing of collections.

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Definitions:

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A sample of mucous material expelled from the respiratory tract, used for diagnostic examination or testing.

Quantitative Analysis

The process of examining and analyzing numerical data to ascertain measurable quantities and understand patterns or trends.

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Single-celled microorganisms that can be found in a variety of environments, some of which can cause disease while others are beneficial.

Gram Stain

A method used in microbiology for the differentiation of bacteria into two groups, Gram-positive and Gram-negative, based on the chemical and physical properties of their cell walls.