If a Person Wishes to Ensure That an Offer Will

question 13

Multiple Choice

If a person wishes to ensure that an offer will in fact be held open for a set period of time, the person may do so by entering into a[n] ______________ contract with the offeror.

• A) Clear.
• B) Explicit.
• C) Unrevokable.
• D) Option.
• E) None of these because legally an offeree cannot guarantee that an offer will be held open for a specific time.

---

Definitions:

External Role

The influence or responsibility an organization or individual has outside of their immediate internal environment, impacting wider community or industry.

Technology

The application of scientific knowledge for practical purposes, especially in industry and commerce, encompassing both physical devices and software solutions.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, increasing connectivity and interdependence among nations.

Product Lifecycle

The stages that a product goes through from its inception, through growth and maturity, and eventually to its decline and discontinuation in the market.