Price gaps Study guides, Class notes & Summaries
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![CIPS - L4M3 Commercial Contracting - CHAPTER 1 question n answers 2024](/docpics/4814994/65fde38d06fa3_4814994_121_171.jpeg)
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CIPS - L4M3 Commercial Contracting - CHAPTER 1 question n answers 2024
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CIPS - L4M3 Commercial Contracting - CHAPTER 1Difference between Estimate, Quote and Tender (1.1, p. 2) - correct answer Estimate = has no legal standing, simply a 'best guess' by the supplier. *NOT a firm offer*. should be avoided within a commercial contract 
Tender / Quotation = *both are firm offers* to do something at a quoted rate or price. Tenders are more comprehensive / detailed. 
 
Quotation (1.1, p.3) - correct answer - normally used when the only variable is price 
- T/Cs are of...
![C16 Business of Insurance Questions and Answers Already Passed](/docpics/5051382/6622a6618b936_5051382_121_171.jpeg)
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C16 Business of Insurance Questions and Answers Already Passed
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C16 Business of Insurance Questions 
and Answers Already Passed 
 
5 Ways Insurance companies spread risk -Share risk with other insurance companies (for 
very large risk, several insurers subscribe to percentage of risk) 
-Reinsure the risk 
-deductible 
 
-spread risk over diverse geographical region (soften risk of localized disasters) 
-form risk pools (syndicates of insurance and reinsurance companies, organized to underwrite 
particular risk) 
 
Two principles of insurance 1. Premiums of t...
![NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+](/docpics/5139761/662f9cb191a4c_5139761_121_171.jpeg)
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NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+
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NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+. Sole Proprietorship - Correct Answer-a business owned and 
managed by a single individual 
Simplest form to set up 
unlimited Liability 
Partnerships - Correct Answer-Business organizations in which 
two or more persons share responsibilities, costs, profits, and 
losses. 
C Corporations - Correct Answer-Corporations that have no 
restrictions on who owns their shares or the number o...
![C16 Business of Insurance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+](/docpics/5074363/66266c4d2a117_5074363_121_171.jpeg)
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C16 Business of Insurance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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5 Ways Insurance companies spread risk 
: -Share risk with other insurance companies (for very large risk, several 
insurers subscribe to percentage of risk) 
-Reinsure the risk 
-deductible 
-spread risk over diverse geographical region (soften risk of localized disasters) 
-form risk pools (syndicates of insurance and reinsurance companies, organized to 
underwrite particular risk) 
Two principles of insurance 
: 1. Premiums of the many are used to pay the losses of the few 
2 | P a g e 
(r...
![EEE 2023- Midterm/Exam 1(Complete)Already Graded A+](/docpics/636d6e8cd3313_2097150.jpg)
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EEE 2023- Midterm/Exam 1(Complete)Already Graded A+
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Entrepreneurship (academic) 
Process by which individuals pursue opportunities without regard to resources currently controlled 
 
 
 
Venture Capitalist 
Art of turning an idea into a business 
 
 
 
What do entrepreneurs do? 
assemble and integrate resources needed to transform an invention or idea into a viable business 
 
 
 
Four primary Characteristics of successful entrepreneurship 
1. Passion for venture 
2. Tenacity despite failure 
3. Customer focus 
4. Execution intelligence 
 
 
 
Fo...
![DBIA Actual Test Questions And Answers With Verified Complete Solution.](/docpics/5300105/664397e90ac1c_5300105_121_171.jpeg)
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DBIA Actual Test Questions And Answers With Verified Complete Solution.
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DBIA Actual Test Questions And Answers With Verified Complete Solution. 
Project Delivery System - Correct Answer-How team members are organized, 
establishes when parties engage, determines roles of parties, and determines sequence 
of design, procurement, and construction (db, cmar, dbb) 
Procurement Method - Correct Answer-how team members are selected (QBS, best 
value, low price, sole source) 
contracting approach - Correct Answer-how team members are paid (fp, gmp, cost 
reimbursement, tar...
![CMT Level 1 Exam Questions and Answers 100% Correct](/docpics/3096000/64b8adcfac5d9_3096000_121_171.jpeg)
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CMT Level 1 Exam Questions and Answers 100% Correct
- Exam (elaborations) • 18 pages • 2023
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CMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% Correct 
DeMark or Williams Method - ANSWER-Reversal point where at a bottom there are two bars with higher lows on each side and at a top there are two bars with lower highs on each side. 
 
Gann 2 Day Swing - ANSWER-A reversal point where a low or hi...
![NASCLA Business Law and Managment EXAM SC Questions with Correct Answers](/docpics/4780872/65f9145bc7074_4780872_121_171.jpeg)
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NASCLA Business Law and Managment EXAM SC Questions with Correct Answers
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NASCLA Business Law and Managment EXAM SC Questions with Correct Answers Sole Proprietorship - answera business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - answerBusiness organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - answerCorporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are s...
![DBIA Actual Test Questions And Answers With Verified Complete Solution.](/docpics/5308695/6644768d5b242_5308695_121_171.jpeg)
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DBIA Actual Test Questions And Answers With Verified Complete Solution.
- Exam (elaborations) • 10 pages • 2024
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- $11.99
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DBIA Actual Test Questions And Answers With Verified Complete Solution. 
Project Delivery System - Correct Answer-How team members are organized, 
establishes when parties engage, determines roles of parties, and determines sequence 
of design, procurement, and construction (db, cmar, dbb) 
Procurement Method - Correct Answer-how team members are selected (QBS, best 
value, low price, sole source) 
contracting approach - Correct Answer-how team members are paid (fp, gmp, cost 
reimbursement, tar...
![NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+](/docpics/5111779/662b522cb3fa2_5111779_121_171.jpeg)
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NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+
- Exam (elaborations) • 23 pages • 2024
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Sole Proprietorship - Correct Answer-a business owned and 
managed by a single individual 
Simplest form to set up 
unlimited Liability 
Partnerships - Correct Answer-Business organizations in which 
two or more persons share responsibilities, costs, profits, and 
losses. 
C Corporations - Correct Answer-Corporations that have no 
restrictions on who owns their shares or the number of 
shareholders; they cannot qualify for subchapter S tax 
treatment and are subject to direct taxation 
S corpora...
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