The time and material approach pricing will result in attaining the company's desired profit only if forecasted billable activity is realized,holding all other things constant.

Question

Quizplus · Accepted Answer

The time and material approach pricing depends on the forecasted billable activity to achieve the desired profit. If this forecasted activity is not realized, the company may not achieve the desired profit. Other factors can also affect the profitability, but holding all other things constant, the statement is true.

The Time and Material Approach Pricing Will Result in Attaining