Assume an offeree mails a rejection to the offeror on November 1 . This rejection arrives at the offeror's place of business on November 5 . In the meantime, on November 4, the offeree sends the offeror an acceptance that arrives November 6 . Which of the following statements correctly describes the situation?
a. There was no contract.
b. There was a contract since the acceptance was mailed prior to the time the rejection was received.
c. There was no contract because the rejection was mailed first.
d. There was no contract because the acceptance was mailed more than three days subsequent to the rejection.
a
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Which of the following is the basic internal control procedure with respect to cash receipts?
A) depositing all cash receipts in the bank shortly after the cash is received B) requiring customers to pay with debit or credit cards C) requiring the accountants to make the bank deposits D) preventing collusion
Which of the following is the main similarity between the minor-points close and the alternate-choice close?
A. Features and benefits are summarized. B. Buyers are typically decisive. C. Buyers are hostile. D. Buyers must decide between two options. E. Risk factors are high.
Which of the following practices is unnecessary when writing a memo?
A. Omitting courtesy titles and salutations on the memo B. Placing the distribution list at the end of the memo C. Typing the guide words in the memo in all-capital letters D. Typing or signing full name at the end of the memo
General Electric's strategic planning grid
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