Question

consideration can simply be explained as

A)  profit

B)  income

C)  benefit

D)  acceptance

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Answer 1

Consideration can simply be explained as profit.

• Every business activity is done with the purpose of earning money. Consideration is a commonly used business term which literally means to consider the work done by a particular individual and reward him accordingly.
• For example, laborers work throughout the day with the expectation of consideration or profit.

Answer 2

consideration can simply be explained as option C)  benefit.

Explanation:

Consideration is something getting the return. It may be monetary or non monetary.

• There are two people involved in the consideration process.
• When there is an offer to make consideration is made.
• Consideration may or may not be accepted.
• Parties are known as the promisor and promisee.

If there is no benefit consideration wouldn't be undertaken.