Examlex
When the categories for a questionnaire item are mutually exclusive, you are covering every possible alternative.
Low-Value Bidders
Participants in an auction or tender process who submit bids that are significantly lower than those of other bidders.
Winning Bid
The highest offer made in an auction, securing the purchase of the item or contract in question.
High-Value
Pertaining to products, services, or attributes that possess a greater benefit, worth, or significance, often justifying a higher cost or investment.
Sealed-Bid
A bidding process where all bids are submitted confidentially and opened at a predetermined time.
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