Multiple Choice
Identical prices received from various sources should:
A) be expected when the specification is highly customized.
B) always make the buyer suspicious of collusion.
C) only draw attention if the buyer is dissatisfied with the price quoted.
D) draw attention if the specification is complex or detailed.
E) result in the buyer taking legal action against all bidders.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Forward buying:<br>A) offsets transactions to protect against
Q3: Canceling a contract for a technicality when
Q4: In the event the bidder does not
Q5: For goods bought on a non-recurring basis,
Q6: Competitive bidding, in general, is the least
Q7: An escalator clause provides for an increase,
Q8: Governments play a role in establishing prices
Q9: Items for which prices are comparatively low,
Q10: A fair price:<br>A) is based on market
Q11: One justification for a quantity discount is