In a Bilateral Contract,the Consideration for Each Promise Is ____

question 18

Multiple Choice

In a bilateral contract,the consideration for each promise is ____.

• A) A completed act
• B) The beginning of action in acceptance, even if it is not complete
• C) An acknowledgement
• D) A return promise
• E) An agreement

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Definitions:

Bullwhip Effect

A phenomenon where inaccurate or distorted demand information in the supply chain causes drastic swings in inventory levels upstream.

Demand Variability

Fluctuations in customer demand over a period, impacting inventory management, production planning, and supply chain efficiency.