In Unilateral Contracts, Performance Is Acceptance of an Offer

question 125

True/False

In unilateral contracts, performance is acceptance of an offer.

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Definitions:

Strategic Items

Products or components critical to an organization’s success, requiring careful management to ensure availability and minimize risks.

Performance Improvement

Performance improvement involves measures or initiatives aimed at enhancing the efficiency, effectiveness, or outcome of different processes, systems, or organizations.

Shared Savings Contract

An agreement between two parties where savings generated from cost-reducing measures are divided according to a predetermined formula.

Incentives

Rewards or benefits, often used to encourage specific actions or behaviors from individuals or organizations.