Which of the Following Is True of Price Bidding with the Federal

question 30

Multiple Choice

Which of the following is true of price bidding with the federal government?

• A) the price can only cover direct costs
• B) the price can only cover direct costs and marketing costs
• C) the price is based on costs that include fully allocated manufacturing and design costs but not include marketing costs
• D) the price can include only fixed manufacturing costs and design costs but not include marketing costs

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Definitions:

Meritocracy

A system in which advancement within the social hierarchy is based on individual talent, effort, and achievement rather than on class privilege or wealth.

Policy Implications

The potential effects or outcomes that specific policies may have on a society, economy, or environment.

Social Consequences

The effects that actions or policies have on society, including changes in social norms, behaviors, and relationships within communities.

Related Ideologies

A group of beliefs or philosophies that are connected or share a common theme or purpose.