Serene Has Been Given the Assignment of Determining How Many

question 14

Multiple Choice

Serene has been given the assignment of determining how many new tellers her bank will need to hire over the next five years. Which of the following questions is irrelevant to her task?

• A) How many tellers are expected to retire over the next five years?
• B) What new technologies (e.g., automated teller machines) will be introduced over the next five years?
• C) How many new branches does the bank expect to open over the next five years?
• D) All of these are relevant
• E) All of these are irrelevant

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Definitions:

Unilateral Contract

A unilateral contract is a type of agreement in which an offer can only be accepted through performance, meaning one party promises to do something in return for the act of the other party.

Bilateral Contract

A type of contract involving two parties where each side promises to perform an act in exchange for the other party's act.

Bilateral Contract

An agreement where each of the two parties makes a promise or set of promises to the other.

Unilateral Contract

A contract in which one party makes a promise in exchange for an act by another party, who accepts the offer by performing the requested act.