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:

Bureau of Labor Statistics

A U.S. government agency that collects and analyses critical economic information, particularly employment and price statistics.

Minimum-Wage Laws

Regulations establishing the lowest hourly wage that employers can legally pay their workers, aimed at protecting low-income workers.

Teenage Unemployment

Refers to the unemployment rate among teenagers, indicating the proportion of the teenage workforce that is not currently employed but is actively seeking employment.

Bureau of Labor Statistics

An agency of the U.S. government tasked with the collection and analysis of data concerning the labor market, employment conditions, and fluctuations in prices.