Business Week Sums Up the Failure of Enron To

question 29

Multiple Choice

Business Week sums up the failure of Enron to:

• A) September 11, 2001
• B) flawed organizational design
• C) too much debt
• D) risky projects in India and the oil price hikes

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Definitions:

Offer Agreement

A detailed proposal by one party to enter into a contract, subject to acceptance by another party.

Adhesion Contract

A standardized contract prepared by one party, with little to no negotiation allowed, often in situations with unequal bargaining power.

Definite Offer

An offer that is clear, specific, and leaves no room for negotiation, often containing all the terms necessary for an enforceable agreement.

Definite Acceptance

Definite Acceptance refers to an unambiguous agreement by the offeree to meet the terms of the offer, forming a binding contract.