In the Context of Termination of an Offer,______ Occurs When

question 49

Multiple Choice

In the context of termination of an offer,______ occurs when an offeror retracts the offer before the acceptance.

• A) rejection
• B) reversion
• C) novation
• D) revocation
• E) rescission

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Definitions:

Data Integrity Policies

Guidelines and practices aimed at ensuring the accuracy, completeness, and reliability of data throughout its lifecycle.

Profitability

A measure of the efficiency and financial success of a business, indicated by the net income over a specific period relative to its revenues.

Organizational Operating Surplus

The excess of revenues over operating expenses within an organization, indicating financial health and efficiency.

Accounting

the systematic process of recording, analyzing, and reporting financial transactions for a business or individual.