Which of the Following Components Is Typically Included in a Formal

question 98

Multiple Choice

Which of the following components is typically included in a formal proposal but is optional in an informal proposal?

• A)budget
• B)staffing
• C)authorization request
• D)abstract or summary

---

Definitions:

Private Property

The right of private persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other property.

Economically Most Efficient

The state where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Labor and Capital

The primary factors of production, where labor refers to human work effort and capital to tools, equipment, and buildings used in production.

Government Subsidized Property Insurance

Insurance programs supported by the government to make coverage available and affordable, often in high-risk areas.