If identical bids are received,the buyer might choose to:
A) reject all bids.
B) initiate an investigation.
C) negotiate with one or more suppliers.
D) reject all bids and initiate an investigation.
E) reject all bids and negotiate with one or more suppliers.
Correct Answer:
Verified
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
Q10: Items for which prices are comparatively low
Q11: When using competitive bidding to determine prices,the
Q12: A prime function of an organized commodity
Q13: An escalator clause provides for an increase,but
Q14: Costs incurred in the operation of a
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