When Someone Accepts an Offer by an Exchange of Mutual

question 150

Multiple Choice

When someone accepts an offer by an exchange of mutual promises, what kind of contract has been formed?

• A) implied
• B) unilateral
• C) executed
• D) bilateral
• E) commercial

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Definitions:

Operating Cash Receipts

Cash received by a company from its core business operations.

Cash Flow

Indicates the total amount of money being transferred into and out of a business, particularly affecting its liquidity.

Total Assets

The sum of all assets owned by a company, including cash, inventory, property, and equipment.

Operating Cash

Cash generated from a company's normal business operations.