The lowest bid may not receive the order if:
A) the buyer discovers the lowest bidder is unreliable.
B) the lowest bid is higher than the buyer believes justifiable.
C) there is reason to believe the bidders colluded.
D) the lowest bid is higher than the buyer believes justifiable and there is reason to believe the bidders colluded.
E) the buyer discovers the lowest bidder is unreliable,the lowest bid is higher than the buyer believes justifiable and there is reason to believe the bidders colluded.
Correct Answer:
Verified
Q1: The lowest price that ensures a continuous
Q3: Labor and material costs are typically:
A)semivariable costs.
B)fixed
Q4: The cost approach to pricing:
A)is the only
Q5: The fairest possible means of treating all
Q6: Fixed costs generally remain the same regardless
Q7: A cash discount allows:
A)the seller to secure
Q8: This bond guarantees work will be done
Q9: If identical bids are received,the buyer might
Q10: Items for which prices are comparatively low
Q11: When using competitive bidding to determine prices,the
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