Differentiate between a solicited proposal and an unsolicited proposal.
What will be an ideal response?
Answers will vary. Solicited proposals are invited and initiated when a potential customer or client submits exact specifications or needs in a bid request or a request for proposal, commonly referred to as an RFP. Governmental agencies such as the Department of Education solicit proposals and place orders and contracts based on the most desirable proposal. The bid request or RFP describes a problem to be solved and invites respondents to describe their proposed solutions.An unsolicited proposal is prepared by an individual or firm who sees a problem to be solved and submits a solution. For example, a business consultant is a regular customer of a family-owned retail store. On numerous occasions she has attempted to purchase an item that was out of stock. Recognizing that stock shortages decrease sales and profits, she prepares a proposal to assist the business in designing a computerized perpetual inventory with an automatic reordering system.For the business to accept the proposal, the consultant must convince the business that the resulting increase in sales and profits will more than offset the cost of the computer system and the consulting fee. REJ: Please see the section "Proposals" for more information.
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When the real exchange rate of the Japanese yen depreciates,
a. the yen's nominal exchange rate must also depreciate. b. the yen's nominal exchange rate must remain constant. c. the yen will trade for more units of a foreign currency. d. the yen will trade for fewer units of a foreign currency.
A 90-day, 12% note for $20,000, dated April 10, is received from a customer on account. If the note is discounted at 15% on May 20, the days in the discount period are
A) 50 B) 90 C) 120 D) 40
Questions designed to understand why an interviewee wants to work for a particular organization are known as _____.?
A) ?technical interview questions B) ?behavioral questions C) ?standard interview questions D) ?competency questions
On October 12 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Unexpectedly, on March 1 of the current year, the customer paid the account in full. Assuming the direct write-off method is used to account for bad debts, what effect will this recovery have on the company's net income and total assets?
A. No effect on net income; decrease in total assets. B. Decrease in net income; no effect on total assets. C. No effect on net income; no effect on total assets. D. Decrease in net income; decrease in total assets. E. Increase in net income; increase in total assets.