Which of the Following Is True If No Means of Communicating

question 29

Multiple Choice

Which of the following is true if no means of communicating an acceptance is specified in an offer?

• A)The acceptance must be in writing.
• B)The acceptance must be made orally either by telephone or in person.
• C)No valid contract may be entered into because the offer must specify a means by which to accept.
• D)Acceptance may be made by any reasonable means.
• E)Acceptance must be made orally or in writing within twenty-four hours.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Collections

The process of pursuing payments of debts owed by individuals or businesses, typically referring to the accounts receivable department's efforts.

Merchandise Purchases

The acquisition of goods for resale, typically in a retail or wholesale business setting.

Cost of Goods Sold

The expenses directly tied to the creation of the products sold by a business.