Regarding Bid Pricing

Multiple Choice

Regarding bid pricing:

A) the same overhead charges and profit rates should apply to all bids--to avoid legal problems.
B) most firms should try to bid for as many jobs as possible--to spread risk.
C) all business buyers are legally required to accept the lowest bid--if they ask for bids.
D) the big problem for sellers is estimating all the costs--including the variable and fixed costs--that apply to a particular job.
E) All of the above are true.