Which of the Following Statements Is True of Silence as a Method

question 57

Multiple Choice

Which of the following statements is true of silence as a method of acceptance?

• A) An offeree's silence implies that the offeree will make a counter offer.
• B) Silence may well imply acceptance if the parties previously dealt with each other.
• C) When an offer specifies that silence indicates acceptance, the offeree has to respond.
• D) Silence alone can be acceptance and the basis of a binding contract.
• E) Silence leads to acceptance of an offer due to the mirror image rule.

Grasp the strategic nature of recruitment and hiring practices in organizations.

Identify techniques used by organizations to evaluate management potential in employees.

Comprehend the scope and time horizon of succession management.

Understand common development methods and the reasons behind their implementation.

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Definitions:

Network Externalities

The value of a product to a consumer increases with the number of that product being sold or used in the market.

Product Variety

The range of different products or services offered by a company or available in a market.

Cost Economies

Refers to economies of scale where the average cost per unit of production decreases as the volume of production increases.

Horizontal Differentiation

Products differ in ways that make them better for some people and worse for others.