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:

Intermediate Stages

Phases or steps in a process or a production chain that occur between the initial and final stages.

Gross Domestic Product

The total monetary value of all finished goods and services produced within a country's borders in a specific time period, an important indicator of economic health.

Inventories

The stocks of goods, raw materials, and other assets that a company holds for the purpose of future sale or production.

Great Depression

A global economic crisis that occurred in the 1930s, marked by extreme financial hardship.