Which of the Following Is a Correct Statement Regarding the Validity

question 56

Multiple Choice

Which of the following is a correct statement regarding the validity of various means of acceptance (assuming no means of communicating the acceptance is specified?)

• A)Telephone,mail,and e-mail are all valid means of acceptance,while telegraph and fax are not valid means of acceptance.
• B)Telegraph and fax are valid means of acceptance,while telephone,mail,and e-mail are not valid means of acceptance.
• C)Telephone,mail,e-mail,and fax are all valid means of acceptance,while telegraph is not a valid means of acceptance since it is an outdated form of communication.
• D)Telephone,telegraph,mail,fax,and e-mail are all valid means of accepting an offer.
• E)Telephone,telegraph,mail,fax,and e-mail are all invalid means of accepting an offer,since an offer must be accepted either in person or by way of a formal letter of acceptance.

---

Definitions:

Economic Capital

Represents the financial assets, wealth, and resources owned by an individual or organization, enabling economic transactions and investments.

Ascription

Ascription involves assigning status to an individual or group, often based on characteristics like age, gender, or ethnicity, rather than personal achievement.

Achievement

The accomplishment of a goal or the attainment of success in a particular area, often recognized through tangible rewards or social acknowledgment.

Income

Income is the financial gain or money received by an individual or household from work, investments, or other sources, often measured over a specific period of time.