Stu Makes an Offer to Tina to Enter into a Contract.Tina

question 33

Multiple Choice

Stu makes an offer to Tina to enter into a contract.Tina accepts the offer.A valid contract requires

• A)an offer only.
• B)an acceptance only.
• C)an offer and an acceptance.
• D)neither an offer nor an acceptance.

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Definitions:

Inventory

The total amount of goods and materials held by a business for the purpose of resale, production, or repair.

Total Equity Value

The total value of all shareholder equity in a company, calculated as the market value of total assets minus total liabilities.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholder equity, indicating how efficiently a company uses investments to generate earnings.

Return on Assets

A financial ratio that shows the percentage of profit a company earns in relation to its overall resources.