Which of the Following Is True in a Unilateral Contract

question 25

Multiple Choice

Which of the following is true in a unilateral contract?

• A)The offeror requests an act as acceptance of his offer.
• B)The offeror cannot revoke the offer once the offeree has begun performance or has substantially completed performance.
• C)The offeror will treat either a promise to perform or the actual performance of the act as acceptance of his offer.
• D)A and B only.
• E)B and C only.

Understand the accounting valuation and presentation of short-term investments on the balance sheet.

Recognize the requirement and presentation of unrealized gains or losses on investments and their effect on financial statements.

Understand the concept of economic investment and distinguish it from personal investment.

Identify and analyze components of Gross Domestic Product (GDP), focusing on investment's role.

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Definitions:

Experiment

A systematic method employed to uncover new findings, confirm theoretical propositions, or exhibit established truths.

Observational Study

A research method in which the subjects are observed in their natural setting without any manipulation by the researcher.

Correlational Study

A research method used to determine the relationship between two variables, without inferring a cause-and-effect relationship.

Directionality Problem

An issue in correlational studies where it is unclear which variable causes changes in the other.