Which of the Following Statements Is Most Correct with Respect

question 22

Multiple Choice

Which of the following statements is most correct with respect to chargeout rates?

• A) A chargeout rate is always set to cover the cost of labour and overheads and the required profit margin.
• B) If the firm does not base its chargeout rate on costs, it will not survive.
• C) A chargeout rate is typically set to cover costs of materials, labour and overhead only.
• D) A chargeout rate is typically set to cover costs, but may be varied in the short term to match competitors' actions.

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Definitions:

B Corporation

A type of certification for for-profit companies, indicating that they meet rigorous standards of social and environmental performance, accountability, and transparency.

Public Relations

The practice of managing the spread of information between an individual or an organization and the public.

PR Practitioner

A professional specializing in public relations, responsible for maintaining and improving the image and relationships of their organization with the public.

Overflow Crowd

An audience or group of people that exceeds the capacity of the venue or space intended for the event, gathering, or meeting.