A Process by Which Several Bidders Conspire to Split Contracts

question 136

Multiple Choice

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

• A) Bid opening
• B) Fictitious Bidding
• C) Bid pooling
• D) Bid log

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Definitions:

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business.

Net Present Value

A financial metric used to evaluate the profitability of an investment, representing the difference between the present value of cash inflows and outflows over a period.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of maximizing shareholder wealth.

Investments

Assets or items acquired with the goal of generating income or appreciation in value over time.