Relevant Costs of a Bidding Decision Should Exclude Revenues Lost

question 203

True/False

Relevant costs of a bidding decision should exclude revenues lost on lower-priced sales to existing customers.

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Definitions:

Performance Effectiveness

A measure of how well an individual, system, or organization achieves its goals and objectives in a quality and timely manner.

Productivity

measures the efficiency of production of goods or services, often quantified as the ratio of output to input.

Major Responsibilities

The primary duties or tasks that an individual or a role within an organization is expected to perform as part of their job.