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The Acceptance of an Offer to Form a Contract May

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The acceptance of an offer to form a contract may be communicated in any "reasonable" way and be effective, in most instances.


Definitions:

Assembly Rate

The speed or rate at which a product is assembled, which can affect production efficiency and output.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process of a company's products.

Finishing Rate

The pace at which a production process or construction project is completed, often measured in units per hour or days per project phase.

Machine Hours

A measure of the amount of time a machine is operated, used in cost accounting to allocate expenses to products.

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