A Unilateral Contract Is Formed When the One Receiving the Offer

question 5

True/False

A unilateral contract is formed when the one receiving the offer com?pletes the re?quested act or performance.

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Definitions:

Traceable Fixed Advertising

Costs of advertising that can be directly associated with a specific product or segment of the business.

Fixed General Factory Overhead

Costs associated with operating a factory that do not vary with the level of production, such as factory rent, insurance, and salaries of managers.

Variable Cost

Expenses that change in proportion to the activity of a business, such as cost of goods sold or materials costs.