Put the Following Steps in Order for Using the High-Low

question 153

Multiple Choice

Put the following steps in order for using the high-low method of estimating a cost function:

• A)D C A B
• B)C D A B
• C)A D C B
• D)D C B A

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Definitions:

Duty of Substantial Performance

An obligation requiring a party to perform their contractual duties to such a degree that the essential purpose of the contract is met, even if some minor details are incomplete.

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract without a lawful excuse.

Conditional

Pertaining to an agreement or provision that becomes effective only when a specific requirement or condition is met.

Breach

Engaging in behavior that breaches or disregards an established regulation, pact, or moral standard.