Which Is Not a Revocable Offer

question 16

Multiple Choice

Which is not a revocable offer?

• A)A bid to construct a bridge for the city.
• B)An offer to buy stock in the ABC Corporation once it is formed.
• C)A unilateral offer to pay John $30 to mow your lawn after he has completed half the job and indicates he wishes to finish.
• D)None of the above are revocable offers.

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Definitions:

Capital Budget

The planning process used by a company to determine whether its long-term investments or projects are worth pursuing.

Dividend Per Share

The sum of declared dividends for every share of common stock issued, divided by the number of outstanding shares.

Outstanding Shares

The total shares of stock that are currently owned by shareholders, including restricted shares owned by company insiders.

Profitable Projects

Initiatives or plans that are expected to generate earnings exceeding their costs.