An Offer Is Terminated on the Grounds of "Lapse of Time

question 29

Multiple Choice

An offer is terminated on the grounds of "lapse of time" if ________.

• A) the offeror dies before the offeree has accepted the offer
• B) the offer is not communicated to the offeree
• C) the offeror has communicated to the offeree a set time which is not mentioned in the offer
• D) the offer is not accepted within a stated time period

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Definitions:

Temporary Project Teams

Short-term groups formed for the specific purpose of accomplishing a defined project or task.

Professional Bureaucracy

An organizational structure characterized by highly specialized jobs and a high degree of formalization, often found in professional fields like law, medicine, and education.

Decentralized Form

An organizational structure where decision-making authority is distributed among various levels rather than being concentrated at the top.

Operating Core

The essential, mission-critical part of an organization responsible for producing its main outputs or services.