In a Formal Proposal,a Synopsis or Executive Summary May Be

question 68

Multiple Choice

In a formal proposal,a synopsis or executive summary may be

• A) essential for highlighting your competitive advantage.
• B) useful if the proposal is fairly short.
• C) placed in an appendix.
• D) unnecessary.
• E) most effective if it does not mention the RFP to which you are responding.

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Definitions:

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or output in a business.

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.

Average Fixed Cost

The fixed expenses of a business spread out over the total number of units produced, decreasing as production increases.

Total Revenues

The total income generated by a firm from its sales activity, calculated by multiplying the selling price by the quantity sold.