An Offeree May Accept an Offer Within a Reasonable Time

question 38

Multiple Choice

An offeree may accept an offer within a reasonable time and by any reasonable means of communication if the:

• A) parties are dealing over the telephone.
• B) offeror suggests a method or a place of communication in the offer.
• C) written offer is lost in transit.
• D) offer merely suggests a method or place of communication.

Analyze the relationship between a firm's marginal cost curve and its supply curve.

Evaluate the short-run and long-run decisions of firms in response to fixed costs.

Understand the basic concepts of phobias and their psychological underpinnings.

Comprehend various therapeutic techniques used to treat phobias and anxiety disorders.

---

Definitions:

Position Power

The authority and influence an individual holds in an organization due to their rank or role within the hierarchy.

Referent Power

A form of influence that a leader has over their followers based on their charisma and followers' identification with or admiration for them.

Charisma

is a compelling attractiveness or charm that can inspire devotion in others.

Human Relations

The study and management of workforce behavior in a professional setting, focusing on the development of interpersonal skills and the promotion of a positive organizational culture.