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Bingel [31]
4 years ago
6

Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a pattern between three part

icular contractors. Contractor A bid the lowest on the first job, Contractor B bid the lowest on the second job, and Contractor C bid the lowest on the third job. All three contractors bid on all three jobs. Which of the following is a potential scheme perpetrated by these contractors?
a. Bid tailoring
b. Bid rotation
c. Complementary bids
d. Phantom bids
Business
1 answer:
aleksandr82 [10.1K]4 years ago
7 0

Answer:

B

Explanation:

Bid rotation is when contractors collude and  take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.

Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.

Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding  bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.  

Phantom bids are fake bids

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The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level det
Mademuasel [1]

Answer:

The answer is avg cost curve

Explanation:

The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the avg cost curve

7 0
3 years ago
Kalen is a seventeen-year-old minor who has just graduated from high school. He is attending a university two hundred miles from
aleksandrvk [35]

Answer and Explanation:

According to the scenario, the explanation of the given situation are as follow:-

1. Ability of Contract : According to the law except of some contract a minor can enter into any contract. Mr. kalen is a seventeen year old minor and he can entered the rent contract because it is not banned by the government for the minor.  

2. This is a voidable contract because Mr. Kalen is a minor and he not legally capable to entering in agreement. In voidable contract one party has a right to discontinue the contract it is depends on him that he want to void it or not. If he wants to void it he cannot be bound to go further with this contract. If a minor wants he can rightfully dis-affirm any contract in which he enters.

According to the analysis, under this circumstance, Mr. kalen is not bound to the contract because he is still minor and he shows his disaffirmance of contract by returning the key to landlord. So he is not liable for the balance of the payments due under the lease.    

5 0
4 years ago
A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p
Lunna [17]

Answer:

non rival, non excludable

$5040

greater

will

a. Students believe that if the initiative does not happen, the funds for the initiative Will not be spent elsewhere.

Explanation:

A public good is a good that is non excludable and non rivalrous.

Because a student is enjoying the visual appearance of the campus, another student is not prevented from enjoying the visual appearance of the campus. This means that the beautification initiative is non rivalrous

There is no way to prevent any student from viewing the initiative. This means it is non excludable

Benefit can be calculated using the willingness to pay of student

the price a student is willing to pay would be dependent on the amount of benefit she expects to derive from the project

benefit =  420 x $12 = $5040

The  beautification initiative generates a positive externality

A good  or initiative has positive externality if the benefits to third parties not involved in production is greater than the cost

Because the good  generates positive externality, the initiative should be carried out

If . Students believe that if the initiative does not happen, the funds for the initiative Will not be spent elsewhere, they would quote a lower willingess to pay

3 0
4 years ago
If General Motors and the United Auto Workers​ (UAW) union fail to accurately forecast the inflation​ rate, the real wage will b
lisabon 2012 [21]

Answer:

actual inflation rate will be equal to the expected inflation rate in the long term.

Explanation:

Since in the given instance, both companies sign the long term contract rather than the short term contract, because they believe that the expected inflation rate for each year cannot be accurately expected, but that the inflation rate for a long term period can be more accurately expected.

This is based on the concept of trend analysis, a trend analysis can help find long term results with more close to reality.

Thus, both the companies here believe that the long term rate can be expected properly of inflation.

8 0
4 years ago
So im 12 yrs old and i have been asked to babysit my neighbors two boys for 4 hours 5 days a week ( one 4 one 2 yrs old) since i
garik1379 [7]

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

<em>Babysitters now bring in an average of $15.71 an hour, an increase from about $14.91 an hour in 2015, according to new data from childcare website UrbanSitter. Watching two kids comes with an hourly wage of at least $18, the site reported.</em>

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

I would say at least half the amount an average babysitter would get paid because your 12. SO around 6.50 an hour would work. Professionally if she wants you to do anything around the house for the children like cleaning up after them, feeding them, supervising them, that comes with responsibility, if you don't think 6.50 is enough for an hour, then go with no more than 8 dollars. Someone your age in reality should get paid no more than an average person. Especially because the person is young, like yourself. Goodluck. :)

<em>There is not a set amount of money that an 11 year old kid can expect to earn working side jobs. For instance, 11 year old youngsters can expect to earn $5 and up at certain jobs like shoveling snow. There is, however, a limited amount of time that 11 year old can dedicate to working side jobs though.]</em>



3 0
4 years ago
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