The Fairest Possible Means of Treating All Suppliers Alike in a Competitive

question 2

Multiple Choice

The fairest possible means of treating all suppliers alike in a competitive bidding situation is to:

• A)establish a policy of firm bidding.
• B)allow all bidders to change their bids prior to the bid opening.
• C)allow for negotiation after all bids are received.
• D)give prospective suppliers target cost.
• E)none of the above because competitive bidding is not fair.