Which of these represents the compensation earned by a bond dealer?
What will be an ideal response?
Bid-ask spread
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In cost-plus contracts, the "plus" represents
a. sales price. b. profit, based on the amount of costs incurred. c. overapplied overhead costs. d. the amount of any cost overruns.
A Type 2 service auditor's report addresses:
A. Control operating effectiveness and primary assertion reliability. B. Only control operating effectiveness. C. Management's description and design of its controls and control operating effectiveness. D. Only management's description and design of its controls.
________ is the tendency to gravitate toward, and bid for, auction listings with one or more existing bids.
A. Group buying B. Winner's regret C. Herd behavior D. Bid rigging
Producers who consider handling the entire distribution job themselves may be especially inclined to do so because
A. intermediaries often serve customer needs better than producers and at lower cost. B. many customers have established buying patterns that don't include buying direct from producers. C. many customers have a preference for shopping at their favorite locations and won't be likely to change. D. direct distribution usually requires a significant investment in facilities, people, and information technology. E. a channel partner (intermediary) is not available or will not cooperate.