You Are Sending a Proposal in Response to an RFP

question 50

Multiple Choice

You are sending a proposal in response to an RFP from a local elementary school that is seeking a provider for an after-school enrichment program promoting physical fitness.
-Which of the following would be the best to include in your executive summary?

• A) Almost half of American children aren't getting enough exercise to develop healthy hearts and lungs.
• B) Our program stimulates young minds and at the same time it strengthens their bodies.
• C) Childhood obesity is a growing epidemic.
• D) Many people don't realize just how important physical fitness is.
• E) Current guidelines say that children should get 60 minutes or more of moderate to vigorous exercise each day.

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Definitions:

Short Run

A period of time in which at least one input, such as equipment or buildings, is fixed and cannot be changed.

Ceteris Paribus

A Latin term meaning "all other things being equal," used in economics to describe a situation where all variables except those under immediate consideration are held constant.

Perfectly Competitive Industry

An economic model where many firms sell identical products, entry and exit are easy, and no single firm can influence the market price.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.