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    Statistics
  3. Study Set
    Production and Operations Management
  4. Exam
    Exam 18: Project Management for New Products and Processes
  5. Question
    For Cost Estimates,when Project Bidding Is Used,underestimating the Cost of a Job
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For Cost Estimates,when Project Bidding Is Used,underestimating the Cost of a Job

Question 61

Question 61

Multiple Choice

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.


A) bids that are too low
B) probability of losing money
C) higher probabilities of the bid being accepted
D) both a and b
E) all of the above

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