Acceptance of an Offer Must Be Conditional, Unequivocal, and Legally

question 581

True/False

Acceptance of an offer must be conditional, unequivocal, and legally communicated to be effective.

Understand the fundamental concepts of centralized and decentralized business organizations.

Recognize the advantages and disadvantages of decentralization.

Distinguish between indirect and direct operating expenses.

Understand the principles of responsibility accounting and its role in organizational control.

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Definitions:

Power

Power refers to the ability or capacity to influence, control, or direct the behavior of others or the course of events.

Self-Disclosure

The revelation of personal information that others would not ordinarily know because of its riskiness.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship, often implying a long-term engagement or obligation.

Caring

Making another’s needs as important as one’s own.