A Company Is Preparing a Bid on a Government Contract

question 128

Multiple Choice

A company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.8 hours.If a contract for 30 units is canceled after the first 20 units, approximately how much of the expected total direct labor will have been expended to that point?

• A)73 percent
• B)55 percent
• C)61 percent
• D)50 percent
• E)It is impossible to say without additional information.

---

Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Facts

Objective statements or data based on evidence, truth, and reality, without any biases or interpretations.

Behaviors

Observable actions or reactions of individuals, often studied in psychology and sociology to understand the interaction between individuals and their environment.

Demographics

Statistical data relating to the characteristics of a population or particular groups within it, such as age, gender, income level, etc.