When You Pay for an Option,this Prevents a Person from Revoking

question 4

True/False

When you pay for an option,this prevents a person from revoking an offer before the expiration of the specified time.

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Definitions:

Margin Of Safety

The difference between actual or expected sales and sales at the break-even point.

Actual

Pertaining to the real, recorded, or true values or outcomes, as opposed to estimated, planned, or theoretical figures.

Expected

Referring to what is considered likely or anticipated in terms of events, values, or outcomes.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit of a product.