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Which of the following correctly describes the way firms would set their chargeout rates per billable hour? Rates are set to cover costs. Rates are

Which of the following correctly describes the way firms would set their chargeout rates per billable hour?

Rates are set to cover costs.

Rates are set to match competitors' rates.

Rates are set in line with the profession's recommendation.

Any or all of the given answers.

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