Which One of the Following Will Cause an Offer to End

question 45

Multiple Choice

Which one of the following will cause an offer to end?

• A)The purchase of an option to hold the offer open for a designated period of time
• B)The expiration of a reasonable time if the offeror did not specify that the offer would end at a definite time or upon the happening of a specific event
• C)The arrival of 4:00 p.m., if the offeror specified that the offer would end at 5:00 p.m.
• D)The sale of the object of the offer to someone other than the original offeree
• E)The communication of a revocation to the offeree after acceptance

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Definitions:

Coefficient of Correlation

A measure that indicates the degree to which two variables are linearly related.

Covariance

A measure that indicates the extent to which two variables change together, but does not specify the nature of the relationship.

Linear Relationship

A relationship between two variables where the change in one variable is proportional to the change in another variable.

Least Squares Method

A mathematical technique used in regression analysis to minimize the sum of the squares of the differences between observed and predicted values.