The auction process needs to adequately create ________ so participants can develop confidence that the technology will conduct the auction according to the rules.

Question

Quizplus · Accepted Answer

Audit trails provide a record of all actions taken during the auction process, ensuring transparency and accountability. This creates confidence among participants that the technology is conducting the auction according to the rules. RFPs, RFQs, approval requests, and bids are all part of the auction process but do not necessarily address the need for creating confidence in the technology.

The Auction Process Needs to Adequately Create ________ So Participants