In the Context of an E-Contract,acceptance of an Offer Takes

question 12

Multiple Choice

In the context of an e-contract,acceptance of an offer takes place:

• A)when the offeree sends the message to the offeror.
• B)when the offeror sends the message to the offeree.
• C)when the offeror receives the message from the offeree.
• D)when the offeree receives the message from the offeror.

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Definitions:

Standard Costs

predetermined costs assigned to goods and services, used as a benchmark for measuring performance.

Standard Price

The predetermined cost of acquiring goods and services, often used in budgeting and cost control.

Direct Materials

Raw materials that can be directly traced to the production of a specific product, a component of the total manufacturing cost.

Variances

Differences between planned or expected financial outcomes and the actual results.