When Using Cost-Plus Pricing,the Markup Is Added to the Job

question 26

Multiple Choice

When using cost-plus pricing,the markup is added to the job cost to help:

• A)cover operating expenses.
• B)generate a profit.
• C)determine the price to charge for the job.
• D)do all of the above.

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Definitions:

Complementary

Complementary refers to things that combine in such a way as to enhance or emphasize each other's qualities or that function together in a beneficial way.

Reciprocal

Reciprocal involves a mutual or cooperative exchange of actions or relations, such as mutual respect, or in mathematics, as a mathematical expression indicating inverseness.

Rewarding

pertains to the act of providing a positive response or reinforcement following a desired behavior, increasing the likelihood of the behavior's recurrence.

Proximal

Situated nearer to the center of the body or the point of attachment.