Regarding Bid Pricing

question 236

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 these alternatives are correct.

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Definitions:

Dissociative Identity Disorder

A psychiatric disorder marked by the presence of two or more distinct personality states or identities in a single individual, along with gaps in the recall of events, personal information, or traumatic experiences.

Formerly Known

A term used to indicate that a subject or entity was previously recognized by a different name or designation.

Multiple Personality

An outdated term that refers to Dissociative Identity Disorder, characterized by the presence of two or more distinct personality states.

Intuitive

Relating to the ability to understand or know something immediately based on one's feelings rather than facts or evidence.