Why Is It Best to Exclude Price from a Proposal

question 71

Multiple Choice

Why is it best to exclude price from a proposal document created for a group presentation?

• A) Fees and charges will create group confusion.
• B) Prices charged by competitors are hard to obtain.
• C) Fluctuations in the economy prevent pricing accuracy.
• D) Shipping and handling fees are difficult to estimate.
• E) Price rather than the document will become the focus.

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Definitions:

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the reduction in value due to wear and tear, age, or obsolescence.

Double-Declining Balance

A method of accelerated depreciation where an asset's value decreases by twice the rate of traditional straight-line depreciation.

Straight-Line Depreciation

A process for dividing the expenditure of a tangible resource into consistent annual portions throughout its service life.

Journal Entries

Records of financial transactions in the accounting system in chronological order.