Which of the Following Is True Regarding Bids

question 49

Multiple Choice

Which of the following is true regarding bids?

• A) They are considered to be unilateral contracts.
• B) Promissory estoppels can be used to prevent withdrawal of bids.
• C) Bids for governmental contracts are covered under contract principles.
• D) Those submitting a bid are called offerees.

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Definitions:

Divisional Scorecard

A performance measurement tool used to assess and monitor the performance of individual business units or divisions within a larger organization.

Triple Bottom Line

A framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits.

Sustainability Reporting

The practice of disclosing information regarding a company's environmental, social, and governance (ESG) practices and performance to stakeholders.

Sustainability Efforts

Initiatives and practices aimed at preserving environmental resources and ensuring the long-term viability of processes or operations.