Items for which prices may be fixed or variable,by the job or by the hour,day,or week are called:
A) raw and semi processed materials.
B) parts,components,and packaging.
C) maintenance,repair,and operating supplies.
D) capital assets.
E) services.
Correct Answer:
Verified
Q1: A fair price:
A)is the lowest price that
Q2: Identical pricing for bids can be discouraged
Q3: Most direct costs are:
A)overhead costs.
B)general and administrative
Q4: If the buyer wants to motivate the
Q6: Identical prices received from various sources should:
A)be
Q7: The Sherman Antitrust Act states that suppliers:
A)must
Q8: Public purchasers are required to award contracts
Q9: Forward buying:
A)offsets transactions to protect against price
Q10: The market approach to pricing:
A)means prices are
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