Which of the Following Basic Requirements Must Be Met for an Offer

question 14

Multiple Choice

Which of the following basic requirements must be met for an offer to sell goods to be a firm offer?

• A) It must contain assurances that it will be revocable.
• B) The offeror must be a merchant.
• C) It must have been made orally.
• D) The outer limit on the period of irrevocability for firm offers must be 10 months.

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Definitions:

Performance Planning

The process of setting objectives and expectations for employees, which serves as a foundation for measuring performance and guiding development activities.

Leadership

Social influence; showing the way or course of action; causing to follow by ideas and deeds; influencing through instruction, heroic feats, and force of will, magnified by the component of caring about the task to be done and the welfare of others; the functions or processes of establishing direction, aligning people and resources, and energizing people to accomplish results. See effective leadership.

Performance Ratings

The assessment and evaluation of an individual's or organization's work performance, often used for feedback, development, or rewards.

Work Climate Factors

Elements that contribute to the atmosphere of the workplace, including policies, practices, relationships, and expectations that influence employee’s perceptions and behaviors.