Total Dollar Value Approach Gives

question 57

Multiple Choice

Total dollar value approach gives

• A)equal weight to proposals with larger dollar amounts.
• B)more weight to proposals with larger dollar amounts.
• C)equal weight to all proposals.
• D)less weight to proposals with larger dollar amounts.

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Definitions:

Withhold Delivery

An action by which a seller or supplier refrains from handing over or sending goods to the buyer, often due to a dispute or non-payment.

Wrongful Rejection

The unjustified refusal to accept the delivery of goods or services as per the terms of a contract, which can lead to a breach of contract lawsuit.

Resale Price

The price at which an item is sold after the first sale, from retailer to consumer.

Incidental Damages

Incidental damages refer to the costs incurred by one party due to another's breach of contract, including expenses directly resulting from the breach, such as costs to find a replacement.