An Offer Is

question 138

Multiple Choice

An offer is:

• A) a suggestion of a price for a good or service
• B) a legally binding price for a good or service
• C) an unofficial suggestion of a promise
• D) a refusal to promise to do something or to refrain from doing some specific thing
• E) none of the other choices are correct

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Definitions:

Net Income

Net income, also known as net profit, is the total earnings of a company after all expenses and taxes have been deducted from revenue.

Planning Assumptions

The set of hypotheses upon which a plan or strategy is built, regarding future market conditions, costs, or other factors.

Negative Net Income

A financial situation where a company's total expenses exceed its revenues, leading to a loss.

Extra Money

Extra money refers to funds that are available beyond what is needed for regular expenses, savings, or immediate commitments.