With Regard to Rejection of an Offer, Which of the Following

question 47

Multiple Choice

With regard to rejection of an offer, which of the following statements is correct?

• A) An offer is not terminated when it is rejected by the offeree.
• B) A rejection must be actually received by the offeree to be effective.
• C) A counteroffer constitutes an express rejection of an offer.
• D) The offeree's statement that he will not accept the offer is an implied rejection of the offer.

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Definitions:

Discreet Approach

A method of implementing changes or segments within a business or project in a separate, distinct manner, often used to monitor the success or failure of initiatives independently.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally accepted for financial reporting.

Long-term Debt

Borrowings of a company not due for repayment within the next 12 months, typically in the form of loans or bonds.

Operating Segment

A component of an enterprise engaged in business activities from which it may earn revenues and incur expenses, often reported separately in financial statements.