In Which of the Following Ways May an Offeree Accept

question 49

Multiple Choice

In which of the following ways may an offeree accept a unilateral contract?

• A)By either verbal acceptance or a signed writing.
• B)By signed writing only.
• C)By performance only.
• D)By performance,by a verbal acceptance,or by a signed writing.
• E)By making a counteroffer or by a signed writing.

Acquire the ability to prepare income statements from adjusted trial balances.

Learn the main components of an income statement for a merchandising company.

Distinguish between the periodic and perpetual inventory systems.

Calculate and interpret liquidity ratios and understand their significance.

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Definitions:

Positively Sloped

A descriptive term used for a line or curve on a graph that moves upward to the right, indicating a direct relationship between two variables.

Total Surplus

The sum of consumer surplus and producer surplus, reflecting the total net benefit to society from the production and consumption of a good or service.

Equilibrium

A condition where the supply and demand in the market are equal, leading to stable prices.

Pumpkin Market

A hypothetical or specific market segment dealing with the trading of pumpkins.