If Suppliers Are Not Forthcoming with Labor and Material Cost

question 21

True/False

If suppliers are not forthcoming with labor and material cost data, cost models can be developed to improve the buyer's negotiating position using material/labor ratios available from industry databases.

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Definitions:

Union Army

The land force that fought for the Union during the American Civil War.

Contraband of War

Goods that are prohibited from being traded during wartime, typically because they could be used to give one side an advantage.

Federal Government

A system of government in which entities such as states or provinces share power with a national government.

Internecine Dispute

A conflict within a group, organization, or country that is both destructive to those involved and to the group itself.