A Contract Is Created When ________

question 29

Multiple Choice

A contract is created when ________.

• A) the acceptance has been received by the offeror
• B) an acknowledgement is sent by the offeror to the offeree of receiving an acceptance
• C) the offeree dispatches the acceptance
• D) a written acceptance has been passed between the offeror and the offeree

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Definitions:

Factor

An element or constituent that contributes to a particular result or situation.

Sum Squares Error (SSE)

The total deviation of the observed values from their mean, a measure used in statistics to describe the discrepancy between the data and an estimation model.

Sum Squares Treatments (SST)

The total variation attributed to the differences among group levels in an analysis of variance.

ANOVA Model

A statistical method (Analysis of Variance) used to compare means across three or more groups for statistical significance.