Which of the Following Must Be Present for an Offer

question 45

Multiple Choice

Which of the following must be present for an offer to have a legal effect?

• A)Invitation to offer
• B)Communicating the intention to make an offer
• C)Invitation to negotiate
• D)Definiteness

---

Definitions:

Economic Requirements

The financial needs or conditions necessary to sustain or initiate a business, project, or standard of living.

Ethical Followership

The practice of supporting leaders and contributing to a group or organization in a manner that is consistent with ethical principles.

Ethical Challenges

Situations that pose moral dilemmas, requiring individuals or organizations to make decisions based on ethical principles.

Organizations

Structured groups of people who work together to achieve specific goals or objectives.