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Due to the population change,the Goose Creek School District has decided to close one of its high schools.Since it has no further need of the property,the school is listed for sale.The two bids it receives are as follows:
The United Methodist Church would use the property to establish a sectarian middle school.Planet,a well-known car dealership,would revamp the property and operate it as a branch location.
If you were a member of the School District board,what factors would you consider in evaluating the two bids?
Skilled Worker
An individual who has specialized training and expertise in a particular trade or profession, often requiring formal education or certification.
Labour Cost
Labour cost is the total expense incurred from employing labor, including wages, benefits, and taxes, significant in assessing overall production costs or operational expenses.
Practical Standard
A level of performance or an expectation that is realistic and attainable under normal circumstances.
Labour Efficiency Variance
The difference between actual labor hours worked and the standard labor hours expected for the level of production achieved.
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