If the Offer Specifies No Time Limit in Which to Accept

question 62

Multiple Choice

If the offer specifies no time limit in which to accept:

• A) the offeree has 10 days to accept.
• B) the offeree has 30 days to accept.
• C) the offeree has an unlimited time to accept as long as a revocation has not been made.
• D) the offeree has a reasonable time to accept.

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Definitions:

Right Now

A phrase indicating the current moment or immediate time, often used to emphasize the urgency or importance of an event or action.

Controlling

In management, this refers to the process of monitoring, assessing, and making necessary adjustments to the plans to ensure that organizational goals are achieved.

Allocating Resources

The process of distributing available resources, such as capital, tools, and personnel, to various projects or units within an organization.

Setting Directions

The process of establishing clear goals, visions, or strategies for an individual, team, or organization to follow in order to achieve desired outcomes.