Amir is writing the budget section of a business proposal seeking funding for a concert, "Music for a Cause." After careful calculation, he concludes that a total of $12,000,000 will be required for the event. Which of the following is an appropriate guideline that will help him win the bid?
A) State an amount much lower than $12,000,000 to increase his chances of winning.
B) Exclude less obvious costs such as overhead, which can be negotiated.
C) Avoid including costs that will be paid from other sources since they are irrelevant.
D) Ask for $12,000,000 since it is required for the event to be successful.
E) Find out what others are bidding and quote a budget accordingly.

Question

Quizplus · Accepted Answer

Asking for the exact amount needed ($12,000,000) for the event to be successful is the most transparent and honest approach, which can build trust with potential funders.

Amir Is Writing the Budget Section of a Business Proposal