The Offer, Once Rejected by the Offeree, Cannot Be Revived

question 18

Multiple Choice

The offer, once rejected by the offeree, cannot be revived or made into a counteroffer once the communication of the rejection has been received by the:

• A) offeror.
• B) offeree.
• C) courier authority.
• D) offeree's agent.

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Definitions:

Chi-squared Method

A statistical test used to determine the level of significance of the observed association between categorical variables.

Contingency Table

A matrix-style table that represents the frequency distribution of variables.

One-tail Test

A statistical hypothesis test where the area of interest is in only one tail of the distribution.

Nominal Data

Nominal data refers to a type of data that is categorized without a natural order or rank, such as names, labels, or categories.