BUSINESS COLLEGE

Bidder conferences are used to:(A) Answer questions about the project prior to submittal of proposals
(B) Answer questions about the project after contract award
(C) Debrief the bidder on their performance after completion of the contract
(D) Solicit pricing information from the bidders on proposed scope changes

Answers

Answer 1
Answer:

Answer:

A. Answer questions about the project prior to submittal of proposals

Explanation:

A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.
Answer 2
Answer:

Final answer:

Bidder conferences are used to answer questions about the project prior to the submittal of proposals, ensuring a clear understanding of project requirements for all potential bidders.

Explanation:

Bidder conferences are a tool used in the procurement process of projects. The correct answer to what bidder conferences are used for is (A) Answer questions about the project prior to submittal of proposals. These conferences provide a forum for potential bidders to clarify any uncertainties regarding the project scope, specifications, and procurement process. The primary purpose of a bidder conference is to ensure that all potential bidders have a clear and common understanding of the project requirements, which helps them to prepare accurate and competitive proposals.

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Related Questions

Paragon CompanyAlvin, the production manager of Paragon Company, wants to select the best supplier of raw materials from among several vendors. He has several choices and has done research into which company provides the best services and products. One company is known to be extremely timely, another is much lower in price but often late in deliveries, and the third is well-known to provide the highest quality products available.According to the rational choice decision-making process, the first step in solving this problem would be to___________.A. choose the best decision process.B. evaluate the decision inputs.C. research the problem.D. identify the problem or opportunity.E. let all of these steps occur simultaneously.
Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the dress: Store Travel Time Each Way Price of a Dress (Minutes) (Dollars per dress) Local Department Store 15 102 Across Town 30 87 Neighboring City 60 63 Juanita makes $58 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $58 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.Store Opportunity Cost of Time Price of a Suit Total Cost(Dollars) (Dollars per suit) (Dollars)Local Department Store 103 Across Town 88 Neighboring City 63 Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the:______. .
"In the economy of Wrexington in 2008, consumption was $5000, exports were $100, government purchases were $900, imports were $200, and investment was $1000. What was Wrexington’s GDP in 2008?"
Suppose the demand and supply curves for good X are both linear. And, the demand price for the first unit of X is $14, and the supply price for the first unit of X is $3. If the equilibrium price for good X is $8 and the equilibrium quantity of X is 12,000 units, then total consumer surplus is $________, total producer surplus is $________, and total social surplus is $__________ a. $36,000; $30,000; $66,000b. $30,000; $36,000; $66,000c. $6; $5; $11d. $6,000; $5,000; $11,000
For a business to be successful and to fulfill itsmission and vision, it will need a strategy forbeating the competition called a competitiveadvantage. Competitive advantage comes from one(or a combination) of all of the following factorsEXCEPTaqualitybquantityCpricedserviceelocation

Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. Required:
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by listing the number and a "D" for direct or an "I" for indirect. For example: 1D, 2D, etc.

a. The wages of pediatric nurses / The pediatric department
b. Prescription drugs / A particular patient
c. Heating the hospital / The pediatric patient
d. The salary of the head of pediatrics / The pediatric patient
e. The salary of the head of pediatrics / The particular pediatric patient
f. Hospital chaplain's salary / A particular patient
g. Lab tests by outside contractor / A particular patient
h. Lab tests by outside contractor / A particular department

Answers

Answer:

Northwest Hospital

aD

bD

cI

dI

eI

fI

gD

hD

Explanation:

Direct costs are costs that are directly traceable to the production of goods and services and can be identified with a unit of production.  While direct costs are usually variable, some direct costs can be fixed.

Indirect costs are costs that support the operation of the company.  They cannot be traced to any unit of production.  Similarly, some indirect costs are variable while others are fixed.

Companies that use ABC allocate all costs including direct materials, direct labor and manufacturing overhead to the product based on an activity cost allocation rate.True or False??

Answers

Answer:

Companies that use ABC allocate all costs including direct materials, direct labour and manufacturing overhead to the product based on an activity cost allocation rate.

This statement is False.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Explanation:

In ABC, it is only the overhead that will be allocated to the product based on an activity cost allocation rate (cost drivers). Direct material cost and                  direct labour cost will be recorded at the actual cost incurred on direct material and direct labour.              

Mary Beth Marrs, the manager of an apartment complex, feels overwhelmed by the number of complaints she is receiving. Below is the check sheet she has kept for the past 12 weeks. Develop a Pareto chart using this information. What recommendations would you make?

Answers

To Develop a Pareto chart using this information the recommendations would you make:

  • The Pareto chart makes a difference in us getting it where the need is to center on it.
  • The Pareto chart is based on the 80%-20% run of the show. The Pareto chart says that 20% of the arrangements offer assistance to resolve 80% of the issues.
  • So Mary Beth Marrs, the chief of the flat complex must center on issues such as the stopping part, the ground, and the pool, to conciliate most of the individuals and reduce the complaints.

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The correct answer to this open question is the following.

Unfortunately, the question does not attach the check sheet with the needed information.

However, we can say that the Pareto chart helps us understand where the priority is to focus on it. The Pareto chart is based on the 80%-20% rule. The Pareto chart says that 20% of the solutions help resolve 80% of the issues.

So Mary Beth Marrs, the manager of the apartment complex must focus on issues such as the parking lot, the ground, and the pool, to appease most of the people and diminish the complaints.

Suppose the Treasury sells $10 billion worth of securities to the Social Security Administration and $15 billion to the general public. This sale added ________ billion to gross public debt and ________ billion to the debt held by the public.

Answers

Answer:

$25 billion and $15 billion

Explanation:

Given:

Social Security Administration = $10 billion

General public held = $15 billion

Computation of Total gross public debt :

Total gross public debt = Social Security Administration + General public held

Total gross public debt = $10 billion + $15 billion

Total gross public debt = $25 billion

Total gross debt held by public = $15 billion

According to Gardner, intelligence can be measure by a person havinga. the ability to create or find solutions to problems by gathering new knowledge
b. the ability to create a valued product or service
C. Skills that allow them to solve problems in life
d. all of the above

Answers

Answer: D. All of the above.

Explanation:

Answer:

its d

Explanation:

hope this helps

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work. If these individuals were counted as unemployed instead of out of the labor force, then a. both the unemployment rate and labor-force participation rate would be higher.
b. the unemployment rate would be higher ,and the labor-force participation rate would be lower.
c. the unemployment rate would be lower, and the labor-force participation rate would be higher.
d. both the unemployment rate and labor-force participation rate would be lower.

Answers

Answer:

The correct answer is A: both the unemployment rate and labor-force participation rate would be higher.

Explanation:

The unemployment rate is the share of the labor force that is jobless, expressed as a percentage. To calculate the unemployment rate, the number of unemployed people is divided by the number of people in the labor force, which consists of all employed and unemployed people.  It defines unemployed people as those who are willing and available to work, and who have actively sought work.

By increasing the number of people unemployed, the number of employed people is now divided by a larger base. Meaning that the unemployment rate increases.

The labor force participation rate measures an economy's active labor force and is the sum of all employed workers divided by the working-age population. It refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate.

By increasing the number of people of unemployed people, they will be considered as people that are actively looking for work. Meaning that labor force participation increases.

Final answer:

All discouraged workers are counted as unemployed, both the unemployment rate and the labor-force participation rate would increase because these individuals are added both to the unemployed count and the total labor force count.

Explanation:

The correct answer to this question is (a). If individuals who are too discouraged to make a serious effort to look for work were counted as unemployed instead of out of the labor force, both the unemployment rate and the labor-force participation rate would be higher. This is because the unemployment rate is a ratio that compares the number of unemployed individuals to the total labor force. Meanwhile, the labor-force participation rate measures the total number of individuals who are either employed or actively looking for work, as a percentage of the working-age population. Therefore, counting these discouraged workers as unemployed would add to both the number of people counted as unemployed and those considered as part of the labor force, raising both rates.

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