Consider the Following Statements About Competitive Bidding

question 43

Multiple Choice

Consider the following statements about competitive bidding:
I. The higher the price that a company bids, the greater the profit if the firm gets the contract.
II. Bidding a higher price increases the probability of obtaining a contract.
III. A company that bids low to ensure acceptance of a contract may actually wind up bidding too low to make an acceptable profit.
Which of the above statements is (are) true?

• A) I only.
• B) II only.
• C) III only.
• D) I and III.
• E) I, II, and III.

Recognize the structure of organizational communication and the flow of messages.

Identify the role and types of gestures in enhancing or obstructing communication.

Recognize the importance of timing (emotional and situational) in communication.

Understand the process and effects of filtering and information overload on communication.