A(n)____ in its essence is an assessment of the probable total cost of some future activity.
A)proposal
B)bid
C)estimate
D)specification

Question

Quizplus · Accepted Answer

An estimate is a projection of the expected total cost of a future activity, based on available information and assumptions. A proposal is a formal offer for a specific project or task. A bid is a competitive offer to provide goods or services at a certain price. A specification is a detailed description of the requirements for a product or service.

A(n)____ in Its Essence Is an Assessment of the Probable