Regarding Bid Pricing

question 147

Multiple Choice

Regarding bid pricing:

• A) the same overhead charges and profit rates should apply to all bids--to avoid legal problems.
• B) most firms should try to bid for as many jobs as possible--to spread risk.
• C) all business buyers are legally required to accept the lowest bid--if they ask for bids.
• D) the big problem for sellers is estimating all the costs--including the variable and fixed costs--that apply to a particular job.
• E) All of the above are true.

Recognize the principles of human needs as per Maslow's theory.

Differentiate between classical and behavioral management approaches and their influence on worker motivation.

Understand how to calculate total dollar return on stocks.

Recognize indicators of stock value including market-to-book ratios.

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Definitions:

Ocean Basins

The underwater depressions of the Earth's surface that contain the bulk of the planet's ocean water.

Abyssal Plains

Vast, flat areas of the deep ocean floor, situated at depths between 3,000 and 6,000 meters below sea level.

Seamounts

Underwater mountains formed by volcanic activity, which rise from the ocean floor but do not reach the surface.

Island Chains

Groups of islands formed close to one another, often as a result of volcanic activity along oceanic ridges or subduction zones.