Which of these factors do NOT affect the rates of medical insurance?

Famous Chef told Shrimp Boat Captain: I will buy your catch if I think the shrimp are large enough." What is the status of this promise?

a. This is a valid promise because the chef must make the decision in good faith. b. This is a valid promise because size is a quantifiable term. c. This is an illusory promise because the chef has complete control over whether or not he will keep the promise. d. This is an illusory promise for a contract but a valid promise for promissory estoppel.

Refer to the instruction above. What does the company save for the year by selecting this low-cost option (for annual requirements of 5,000 units)?

A) $15,000 B) $60,000 C) $65,000 D) $5,000