Pricing of Services

question 107

Multiple Choice

Pricing of services

• A)requires the same approach as pricing of products.
• B)uses a markup percentage to add the cost of overhead to the direct costs of labor,materials,and parts.
• C)always requires three pricing computations,one for materials,one for parts,and one for labor.
• D)is less accurate than pricing of products.

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Definitions:

Genetic Combinations

Genetic combinations refer to the various genetic makeups produced through the mixing of parental genes.

Laws of Probability

Mathematical principles that describe the likelihood of events occurring, used to predict the outcomes of various scenarios.

Sperm

The male reproductive cell or gamete, which is necessary for fertilization of the female ovum, leading to the development of an embryo.

Genetic Material

Molecules like DNA or RNA in living organisms that carry genetic information critical for inheritance, function, and development.