Lewis,an Employee of Silos,Inc

question 71

Multiple Choice

Lewis,an employee of Silos,Inc.,makes a substantial mathematical error in totaling the estimated costs for a project for which AgriCo-op is seeking bids. Consequently,Silos's bid is significantly low.
-Refer to Fact Pattern 14-2. Any contract with AgriCo-op that includes the mistake may be rescinded

• A)if AgriCo-op knew or should have known of the mistake.
• B)if Lewis's supervisor did not know of the mistake.
• C)if Silos knew or should have known of the mistake.
• D)under no circumstances.

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Definitions:

Market Share

The share of a market held by a certain company or product.

Share Point

Share Point is a collaborative platform developed by Microsoft that allows for document management and storage, team collaboration, and information sharing across an organization.

Marginal Market Share

The additional market share a company gains over a certain period of time, indicating its growth or loss in market position.

Sales Response Margin

A metric that measures the change in sales volume or revenue in response to a change in marketing efforts or expenses.