Brian devised a scheme and instructed his partner to submit sham price quotations from dormant companies for a bulletproof-vest contract.The sham price quotations were submitted with intentionally increased prices so that one company, a Kuwaiti general trading firm, would win the contract at a lower price.The owner of the Kuwaiti general trading firm then authorized Brian to negotiate and receive all funds related to the contract.This is an example of:
A)bid rigging.
B)bait-and-switch.
C)predatory pricing.
D)referral scheme.
E)pyramid selling.

Question

Quizplus · Accepted Answer

This scenario describes bid rigging, which involves conspiring with others to manipulate the bidding process by submitting sham bids or by agreeing to make only one bid to ensure that a predetermined bidder wins the contract.

Brian Devised a Scheme and Instructed His Partner to Submit