Which of the Following Statements Is True of a Proposal

question 29

Multiple Choice

Which of the following statements is true of a proposal?

• A)Proposal preparation is not a major activity for many firms.
• B)Potential buyers prepare proposal reports telling what they need.
• C) Most governmental and nonprofit agencies issue requests for proposals.
• D) Proposal writing is done by all the internal employees of an organization.

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Definitions:

X-Coordinate

The horizontal value in a pair of coordinates that indicates a point's location on a two-dimensional graph.

Circular-Flow Diagram

The circular-flow diagram is an economic model illustrating the flow of goods and services, income, and payments between households and businesses in an economy.

Simple Economy

An abstract economy with few components, simplifying analysis of economic principles.

Households

The basic economic units consisting of all individuals who live together and make joint decisions on consumption and labor supply.