A Acceptance Is Properly Communicated at the Point

question 416

Multiple Choice

A acceptance is properly communicated at the point:

• A) when the offeree signs the contract
• B) when it is received by the offeror
• C) when it is sent by the offeror
• D) only if certified or registered mail is used
• E) none of the other choices are correct

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Definitions:

Sources of Cash

Various origins from which a business or individual receives money, including operations, financing, and investing activities.

Accounts Payable

Money owed by a company to its creditors or suppliers for products or services that have been delivered but not yet paid for.

Fixed Assets

These are long-term tangible assets that a firm owns and uses in its operations to generate income, such as buildings, machinery, and equipment, which are not expected to be consumed or converted into cash within a year.

Price/Earnings Ratio

A valuation metric for evaluating the relative worth of a company, calculated as market value per share divided by earnings per share.