Which of the Following Is True in Case of a Competitive

question 33

Multiple Choice

Which of the following is true in case of a competitive procurement?

• A)A lower price increases a supplier's chance of being selected but reduces its potential profit.
• B)A lower price reduces a bidder's chance of winning as well as its potential profit.
• C)A higher price increases a bidder's chance of winning as well as its potential profit.
• D)A lower price reduces a supplier's chance of being selected but increases its potential profit.
• E)A lower price increases a supplier's chance of being selected as well as raises its potential profit.

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Definitions:

Deontology

An ethical theory that emphasizes duty, rules, and the inherent morality of actions, rather than their consequences.

Risk-To-Benefit Ratio

An assessment used to evaluate the potential risks involved in a medical treatment or procedure against the expected benefits for the patient.

Human Dignity

The intrinsic value and worth that each individual possesses, ensuring respect and ethical treatment in all aspects of life.