The First Step for Time-And-Material Pricing Is to Calculate the

question 22

Multiple Choice

The first step for time-and-material pricing is to calculate the

• A)charge for obtaining materials.
• B)charge for holding materials.
• C)labour charge per hour.
• D)charges for a particular job.

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Definitions:

Independent Agency

An agency of the government that is created by an act of Congress and is independent of the executive departments, designed to impose and enforce regulations free of political influence.

Implementation

The process of putting plans, strategies, or laws into effect, often referring to how government policies are executed in the real world.

Line Agencies

Line agencies are government departments or organizations that directly execute the policies and plans of the government by delivering services to the public.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.