A contractor bidding on a fixed-price project must develop
a. accurate and complete cost estimates and include sufficient contingency costs.
b. a well-defined project with low risk.
c. techniques to control costs and reduce expenses to make a larger profit.
d. techniques to determine the cost-at-completion with actual expenditures.
a
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A model that focuses on what is happening at just one point in time is known as
A. a dynamic model. B. a static model. C. a general-equilibrium model. D. a partial-equilibrium model.
Lorenzo offered Ida a job at his new law firm. In anticipation, Ida quit her job at Mega Firm, bought a new computer, and invested in a new set of law books. Shortly before her anticipated first day at Lorenzo's firm, Lorenzo informed Ida that he had changed his mind, and no longer wanted her to work for him. Ida may recover under the doctrine of ________.
A. express contract B. unilateral contract C. promissory estoppel D. unjust enrichment
In a company where units are given autonomy to work independently, but are now asked to work together, the units may become territorial and refuse to share ideas for fear of being eliminated. This functional structure will produce which drawback?
A. Redundancy across units B. Cascading effect of errors C. Low levels of centralization D. Self-cannibalization E. Inability to support cost competency
Storefront pricing is also known as offline pricing
Indicate whether the statement is true or false