In the workplace, a formal invitation to bid on a contract is called a
A) business offering.
B) request for proposal.
C) bid requisition.
D) project invitation.
E) request for bid.
Answer: B
Explanation: B) When organizations require complex products, services, or systems, they often prepare a formal invitation to bid on the contract, called a request for proposals (RFP).
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The owner of an amusement park has decided to open a second entry booth and hire another employee to service customers entering the park. Customers arrive at the rate of 20 per hour and will wait in a single line until one of the two employees is available to provide service. The average service time of both employees is 2 minutes to provide service. T The arrival rate follows Poisson distribution, and the service time follows a negative exponential distribution. It is estimated that the cost of customer waiting time associated with dissatisfied customers and loss of goodwill is $20 per hour. The employee at the service booth is paid $10 an hour. Determine the customer waiting time cost per day for the waiting line system. Assume total hours of operation as 10 hours per day.
a. $16.67 b. $17.67 c. $15.67 d. $14.56
When a dissatisfied customer is only satisfied by talking to a supervisor, the CSR should first collect all the information relative to the problem at hand and present it to the manager.
Answer the following statement true (T) or false (F)
What is the relationship between dividends and the forecasted stock price in a binomial model?
What will be an ideal response?
Which of the following is an accepted definition of law?
a. a body of rules of action or conduct prescribed by controlling authority, and having binding legal force b. a body of rules of action or conduct prescribed by society, but lacking legal force c. a body of rules of action or conduct prescribed by courts and sanction by international society d. a body of rules of action or conduct prescribed by the Supreme Court, and having binding legal force e. none of the other choices