An Option Contract Is Created When an Offeror Promises to Hold

question 21

True/False

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

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Definitions:

Self-Initiated Changes

Modifications or transformations that individuals undertake voluntarily in their personal or professional lives to achieve desired outcomes.

Job Demands

Aspects of employment that demand ongoing physical or psychological exertion, including physical, psychological, social, or administrative elements.

Job Resources

Elements of a job or work environment that help employees to achieve work goals, reduce job demands, and stimulate personal growth, learning, and development.

Core Job Characteristics

Fundamental aspects of a job that affect an employee's motivation and job satisfaction, such as skill variety, task identity, task significance, autonomy, and feedback.