Competitive Bidding,in General,is the Most Efficient Means of Obtaining a Fair

question 16

True/False

Competitive bidding,in general,is the most efficient means of obtaining a fair price for items bought.

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Definitions:

Power Take-off

A device that transfers mechanical power from a power source, like an engine, to auxiliary equipment or tools not directly powered by the engine itself.

Allison

Allison is known for creating automatic transmissions for commercial vehicles, offering products that enhance vehicle performance and control.

Planetary Gearset

A system of gears consisting of a central 'sun' gear, several 'planet' gears, and a 'ring' gear, used to provide various gear ratios in transmissions.

Carrier

In automotive contexts, a component that holds the differential gear assembly in vehicles, allowing the transmission of power to the drive axles.