Whether a Contract Is Bilateral or Unilateral Depends Upon What

question 38

True/False

Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree.

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.

Cash Dividend

A distribution of a company's profits paid to shareholders in the form of cash.

Equity Method

The equity method is an accounting technique used to record investments in associate companies where the investor has significant influence but not full control.

Common Stock

A type of equity security that represents ownership in a corporation, with holders having a claim on the company's assets and earnings.