Tender is an _______.

A. estimation of profit

B. estimation of cost

C. estimation of selling price

D. estimation of units

Answer: Option C

Solution(By Examveda Team)

Tender is an estimation of selling price. Tender is used in response to Request for tender.

This Question Belongs to Commerce >> Costing

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Comments ( 1 )

  1. 18CO168 Monisha
    18CO168 Monisha :
    3 years ago

    Direct labour cost is also called as _____________
    (a)On cost

    (b) Burden cost

    (c) Direct wages

    (d) All the above

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