A firm is submitting a bid to build a bridge that will take five years to build. In their bid, the firm's estimators have included forecasted price increases on supplies over the five-year period. This firm is taking a _____ view of the project.
A) long-run.
B) short-run.
C) circumstantial.
D) periodical.

Question

Quizplus · Accepted Answer

The firm is considering forecasted price increases over a five-year period, indicating they are planning for the long term, not just immediate costs. This is characteristic of a long-run view, where future conditions and changes are taken into account.

A Firm Is Submitting a Bid to Build a Bridge