Answer: True
Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.
True gives the answer to the question.
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Answer:
c. wages and prices are often inflexible in the downward direction
Explanation:
While the prices of the products can decrease in a recession when there is a decrease in demand there is an excess in the supply, therefore, the price decreases but, in real life that doesn't occur people prefer not to work rather than going to work for a lesser amount most of the times. The same goes for some prices under which the producer or manufacture firm does not reduce the price.
Answer:
Direct finance requires financial markets, while indirect finance involves financial intermediaries.
The financial intermediary is that person, entity or institution that offers financial services performing an economic function among savers and companies that require financing. It is the intermediation between an investor and a financial instrument issuer in order that the investor does not have to deal directly with said issuer.
It makes use of the functions of a financial intermediary when its financial services are required, entails an operating cost in the form of commissions. That is, the financial institutions issue financial products that the intermediaries are in charge of placing to the client or investor by charging the latter a commission.