The Budget in a Proposal Should

question 81

Multiple Choice

The budget in a proposal should

• A)reflect careful research because a proposal is a legal contract.
• B)provide only rough estimates so that you can raise the price later if costs increase.
• C)never itemize hours and costs, but offer only a total sum.
• D)include a disclaimer to ensure that the budget is not legally binding.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Equilibrium Price

The market price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.

Gasoline

A liquid fuel derived from petroleum, primarily used to power internal combustion engines.

Demand

The desire and ability of consumers to purchase goods or services at a given price, representing the quantity of a product that people are willing and able to buy.