Which of the Following Is True Regarding the Termination of an Offer

question 73

Multiple Choice

Which of the following is true regarding the termination of an offer based on a rejection?

• A) Regardless of how long an offeror states that an offer will be held open, once the offeree rejects it, the offer is terminated.
• B) Even on rejection, an offer is not terminated until the expiration of the time period for which it was originally to remain open.
• C) An offer must remain open for at least two days before it is terminated following a rejection by an offeree.
• D) An offer must remain open for at least three days before it is terminated following a rejection by an offeree.
• E) An offer must remain open for at least one day before it is terminated following a rejection by an offeree.

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Definitions:

Product Visibility

The ability to track and view the status and location of products throughout the supply chain, from production to delivery.

Order Synchronization

The coordination of all activities involved in fulfilling customer orders, ensuring that each component arrives at the right place and time for final assembly and shipment.

Customer Orders

Requests or instructions from customers to supply goods or services in specified quantities and at agreed terms.

Mondays

The day of the week that follows Sunday and precedes Tuesday, often considered the beginning of the working week.