The Reputation of the Company That Announced the RFP Should

question 106

True/False

The reputation of the company that announced the RFP should be evaluated as a factor as well as the reputation of the contractor when making a bid or no-bid decision.

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Definitions:

Discouraged Worker

An individual who has stopped looking for employment due to the belief that no jobs are available for them or there are none for which they would qualify.

BLS

The Bureau of Labor Statistics, a US government agency responsible for collecting and analyzing critical economic data, including employment and inflation.

Natural Unemployment Rate

The lowest level of unemployment that an economy can sustain over the long term without causing inflation.

Frictional Unemployment

A type of unemployment that occurs when workers are between jobs, often due to searches for better positions or relocations.