A Firm Offer Must Be ________

question 62

Multiple Choice

A firm offer must be ________.

• A)oral and indefinitely revocable
• B)oral and irrevocable for up to one year
• C)in writing and indefinitely revocable
• D)in writing and irrevocable for up to three months
• E)in writing and irrevocable for up to one year

Grasp the necessity of a comprehensive business setup including market and competitive analysis, along with startup costs.

Understand the ongoing relevance of traditional business metrics in the era of online business.

Realize the relationship between industry experience and business success.

Learn about the common structures of fast-growth companies and the role of partnerships.

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Definitions:

Unrecorded Liability

A liability that has not been accounted for or documented in the financial statements.

Revaluation

The process of adjusting the book value of a fixed asset or security to reflect its current market value.

Fair Value

The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.