If an Offeror Makes an Offer That States "This Offer

question 113

Multiple Choice

If an offeror makes an offer that states "This offer to be open until noon tomorrow," which of the following ends the offer?

• A)an inquiry by the offeree
• B)the insanity of the offeree
• C)revocation of the offer by the offeror before the time specified (i.e.,before "noon tomorrow")
• D)a counter-offer by the offeror
• E)the selling of the item to someone else before noon tomorrow

Recognize the roles and needs of stakeholders in business communication.

Understand the dynamics of social and mobile communication in business.

Appreciate the significance of audience expectations and message adaptation.

Recognize the challenges and benefits of integrating mobile technology in business.

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Definitions:

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are turned over during a period.

Specific Accounts

Refers to accounts designated for specific purposes or transactions, distinguishing them from general or combined accounts.

Uncollectible

Refers to accounts receivable that a company has deemed to be uncollectable and is likely to write off as a bad debt.

Direct Write-off Method

A method of accounting for bad debts in which companies write off receivables when they determine they are uncollectible.