Delayed-Quotation Pricing

question 10

Multiple Choice

Delayed-quotation pricing:

• A) requires the seller to place a later date on the product invoice to help accounts receivable in recording transactions.
• B) allows the final selling price to reflect cost increases incurred between the time the order is placed and the final delivery takes place, often over a period of years.
• C) prevents the competitor from submitting an earlier bid.
• D) requires a seller to submit a bid after the closing date.
• E) is also known as price-shading bidding.

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Definitions:

Fixed Genetic Locus

A specific location on a chromosome where the genetic variation has become identical across all members of a population due to evolutionary processes.

Allele

A variant of a gene that occurs due to mutation and is located at an identical location on a chromosome, representing one of two or more possible versions.

Genetic Drift

A mechanism of evolution that results in the change of the frequency of alleles in a population due to random sampling of organisms.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.