Which of the Following Statements Is TRUE

question 51

Multiple Choice

Which of the following statements is TRUE?

• A)A firm offer can only be revoked in writing.
• B)An offeree may never communicate a revocation in the same way that it communicated its offer.
• C)The offeree cannot require acceptance to be made in writing.
• D)An offer that appeared in a newspaper can only be terminated by a revocation that appears in the same newspaper.
• E)An counter-offer destroys the original offer so as to act as a revocation of that offer.

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Definitions:

Forecast Accuracy

The degree to which forecasted values approach the actual realized values.

Mean Absolute Deviation

The average of the absolute differences between each value in a set of values and the mean of the set, used to quantify variability.

Sum of Squares

A statistical technique used to describe the amount of variation or dispersion of a set of data points.

Mean Absolute Deviation

The mean absolute deviation is a measure of dispersion in a dataset, calculated as the average of the absolute differences between each data point and the dataset's mean.