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 these alternatives are correct.