A Stipulation

question 16

Multiple Choice

A stipulation:

• A)is a condition made by the offeror about the manner in which the offer must be accepted.
• B)is a contingency clause built into a unilateral contract.
• C)requires acceptance in writing,else the attempt to accept becomes ineffective.
• D)needs a timely expression of acceptance.

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of maximization of shareholder wealth.

Capital Markets

Financial markets for buying and selling equity and debt instruments, which channel savings and investment between suppliers of capital and users of capital.

Large Sums

Large sums typically refer to a significantly high amount of money in various financial contexts, including investments, transactions, or savings.

Mutually Exclusive Projects

In capital budgeting, projects that automatically exclude one another. Projects are mutually exclusive either because they’re different approaches to doing the same thing or because limited resources preclude doing more than one.