Which of the Following Would Be Considered an Offer to Form

question 52

Multiple Choice

Which of the following would be considered an offer to form a unilateral contract?

• A) an advertisement
• B) an auction without reserve
• C) a reward offer
• D) an auction with reserve

Recognize the importance of correct supervision or evaluation in delegation.

Identify the requirements for effective conflict resolution in organizational settings.

Understand the concepts of power bases within an organization.

Grasp the notion of organizational outcomes and the role of coordination of resources to achieve them.

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Definitions:

Condorcet Paradox

A situation in majority voting where collective preferences can be cyclical and inconsistent, despite the individual preferences being rational and transitive.

Preferred Spending

the allocation of financial resources towards goods, services, or investments that are most favored or prioritized by an individual or entity.

City Council

The legislative body that governs a city, town, or municipality, responsible for making and enforcing local laws and policies.

Median-Voter Theorem

A theory suggesting that the outcome of majority voting processes will reflect the preferences of the median voter when preferences are single-peaked and voters are fully informed.