Government Purchases Differ from the Purchases Made by Institutional Organizations

Multiple Choice

Government purchases differ from the purchases made by institutional organizations in that institutional organizations:

A) make relatively large purchases and consider a wide range of factors in their purchases.
B) may not always purchase from the vendor with the lowest price.
C) need to make purchases that comply with the policy guidelines and trade rules set by the World Trade Organization.
D) have relatively small budgets and therefore seek the best value when buying products and services.
E) have to disclose their purchase decisions and practices to the public.