Identical prices received from various sources should:
A) be expected when the specification is highly customized.
B) draw attention if the specification is complex or detailed.
C) always make the buyer suspicious of collusion.
D) only draw attention if the buyer is dissatisfied with the price quoted.
E) result in the buyer taking legal action against all bidders.
Correct Answer:
Verified
Q1: A fair price:
A)is the lowest price that
Q2: Identical pricing for bids can be discouraged
Q3: Most direct costs are:
A)overhead costs.
B)general and administrative
Q4: If the buyer wants to motivate the
Q5: Items for which prices may be fixed
Q7: The Sherman Antitrust Act states that suppliers:
A)must
Q8: Public purchasers are required to award contracts
Q9: Forward buying:
A)offsets transactions to protect against price
Q10: The market approach to pricing:
A)means prices are
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