A Ballpark Estimate Is Acceptable for the Proposal

question 85

True/False

A ballpark estimate is acceptable for the proposal.There will be time to figure out the budget after the contract is won.

---

Definitions:

Intellectual Property

Intangible property that is the product of one’s mind and not one’s hands.

Corporate Stocks

Equity investments representing ownership in a corporation, allowing shareholders to claim on assets and earnings.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources.

Insurable Interest

A stake in the value of an entity or event for which an insurance policy is purchased to mitigate the risk of loss.