Which of the Following Is True Regarding the Enforceability of the Offer

question 40

Multiple Choice

Which of the following is true regarding the enforceability of the offer made by the manager at ABC Carpet?

• A) ABC Carpet is not bound by the offer because Beau did not provide any consideration.
• B) ABC Carpet is bound by the offer, but only for a period of seven days.
• C) ABC Carpet is bound by the offer, but only for a period of ten days.
• D) ABC Carpet is bound by the offer only if Beau can establish reliance.
• E) ABC Carpet was bound by the offer.

Apply the concept of time and work to analyze production and operation problems.

Understand and apply statistical analysis for decision making in academic and professional settings.

Analyze investment options and financial outcomes based on given financial scenarios.

Construct and interpret mathematical models for budget planning and financial forecasting.

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Definitions:

Maximize Profits

Maximizing profits is the strategic goal of increasing a company's earnings to its highest possible level by optimizing revenue streams and reducing costs.

Differential Pricing

The strategy of selling the same product to different customers at different prices.

Total Cost

The complete cost of production or service delivery, including direct, indirect, fixed, and variable costs.

Overbooking

The practice of selling more of a service than what is actually available, based on the expectation that there will be cancellations.