A Store Policy That Allows Retail Clerks to Process Sales

question 26

Multiple Choice

A store policy that allows retail clerks to process sales returns for $1,000 or less,with a receipt dated within the past 30 days,is an example of

• A)general authorization.
• B)specific authorization.
• C)special authorization.
• D)generic authorization.

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Definitions:

Mode Of Acceptance

The manner in which an offer can be accepted, creating a binding contract, which may include actions, words, or performance.

E-Mail Only

Communication strictly limited to electronic mail, without the use of traditional postal services or other forms of messaging.

Option Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at an agreed price within a specific time period.

Legal Obligation

A duty imposed by law that requires an individual or entity to adhere to a prescribed course of action.