A Promise Exchanged for a Promise Is an Example Of

question 43

Multiple Choice

A promise exchanged for a promise is an example of:

• A) a bilateral contract.
• B) a unilateral contract.
• C) an implied contract.
• D) promissory estoppel.

---

Definitions:

Full Capacity

The maximum level of output that a business can sustain over a period of time, utilizing all available resources efficiently.

Financial Planning

The process of constructing a financial strategy or plan to meet an individual's or organization's long-term financial goals.

Sales Growth

Sales growth is the increase in sales over a specific period, indicating the company's ability to grow its business and expand its market reach.

Retained Earnings

The portion of a company's profits that is kept or retained within the company, rather than being paid out to shareholders as dividends.