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The selection process for hiring the assistant to the mayor of a large city includes giving the finalists three hypothetical crisis scenarios. One deals with a terrorist threat at a sporting event, another deals with a plane crash at the airport, and the third deals with a major earthquake. Each candidate must describe her or his approach to handling the crisis, which will be recorded and evaluated by a panel. This is an example of a:
Bidders
Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.
Expected Price
The price level that purchasers or sellers anticipate a good or service will have in the future.
Oral Auction
A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.
Bidders
Individuals or entities that offer a specific price for goods, services, or assets, typically in the context of auctions or tendering processes.
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