The Offer,once Rejected by the Offeree,cannot Be Revived or Made

question 43

Multiple Choice

The offer,once rejected by the offeree,cannot be revived or made into a counter offer once the communication of the rejection has been received by the:

• A) offeror.
• B) offeree.
• C) courier authority that communicates.
• D) agent of the offeree.

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Definitions:

Days' Payable Outstanding

A financial ratio that calculates the average time it takes for a company to pay its suppliers.

Accounts Payable

Immediate financial obligations a business has, indicating money owed to vendors or lenders for products and services that have been delivered but remain unpaid.

Conversion Costs

The combined costs of direct labor and manufacturing overheads incurred when converting raw materials into finished products.

Raw Materials

Basic materials used in the production process, transformed into finished goods through manufacturing.