A Firm Is Submitting a Bid to Build a Bridge

question 25

Multiple Choice

A firm is submitting a bid to build a bridge that will take five years to build. In their bid, the firm's estimators have included forecasted price increases on supplies over the five-year period. This firm is taking a _____ view of the project.

• A) long-run.
• B) short-run.
• C) circumstantial.
• D) periodical.

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Definitions:

Illustrates

To explain or make something clear by using examples, pictures, or diagrams.

Fishing

The activity of catching fish either for sport or as a means of livelihood.

Redundant Words

Unnecessary or repetitive words that do not add meaning to a sentence.

Future Plans

Intentions or strategies for actions to be taken in the future, often regarding personal goals or business projects.