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saw5 [17]
3 years ago
11

Sometimes when the low bidder wins the bid on a project, it is because they have underbid the project. In other words, the bid t

hey have submitted probably won't even cover the costs of the project. When this happens, the low bidder is said to suffer from the:________.
Business
2 answers:
rewona [7]3 years ago
6 0

Answer:

The low bidder is said to suffer from the winners curse

Explanation:

The winner’s curse describes a common problem in negotiation: lacking an advanced understanding of this phenomenon, the party who wins an auction of a commodity of uncertain value with a fair number of bidders typically pays more than the asset is actually worth.

The low bidder winning the project is said to be suffering from the winners curse which translate to him having to bear more cost than he anticipate for the project

Eduardwww [97]3 years ago
4 0

Answer: Winners curse

Explanation:

Winners curse could be seen as a situation where all bidders have the same value for an item and they receive a private signals where in most occasions the winner is that individual that over estimate or overpays for the bid. When the winner of the bid exceed the true worth of that item. Most Ines this can result to loss in order to carry out the work, due to the bidder overestimated in their bid.

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Those who favor greater control of the economy and the social order to bring about greater equality and to regulate the effects
kompoz [17]
The answer must be:

economic liberals
4 0
2 years ago
By comparing the types of skills used by managers at different levels within an organization, which of the following is true?
Blizzard [7]

Answer:

B. First-line managers use mainly technical and human relations skills, while top managers devote most of their time to activities involving human relations and conceptual skills.

Explanation:

First-line managers are a group of managers that are tasked to oversee the company's daily operation. This require them to directly communicate with the employees. This is why, they use mainly technical and human relations skills.

Top managers on the other hand, are tasked to oversee the company's long term interest. They are the one that is involved in<u> creating strategic planning</u> that will drive the company to reach its end goal. This is why they rely most of their time on conceptual skills. That being said, top managers also need human relation skills to form network with other people who had high influence in the industry.

7 0
4 years ago
g 3) You are interested in purchasing an apartment complex for $2,000,000 that has Net Operating Income (NOI) of $120,000 and is
Paraphin [41]

Answer:

the cap rate is 6%

Explanation:

The computation of the cap rate is as follows:

= Net operating Income ÷ Current market value of property

= $120,000 ÷  $2,000,000

= .06

=  6%

Hence, the cap rate is 6%

We simply divided the net operating income from the Current market value of property so that the cap rate could come

4 0
3 years ago
The purpose of a screening interview is to make the final decision about which applicants to hire.
Ludmilka [50]
Sreening interviews are normally the first stage of the interview process. This is never used in the final decision making process. The screening interview plays a major part in narrowing down applicants in the very beginning
8 0
3 years ago
How does buying a plant asset affect general ledger accounts
Tanzania [10]

Answer:

A plant asset will add to assets and subtract from liabilities.

Explanation:

The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.

I hope I understood the question and that this helps.

7 0
4 years ago
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