The Office of Management and Budget (OMB) Is Located WITHIN

question 11

Multiple Choice

The Office of Management and Budget (OMB) is located WITHIN ______.

• A) Congress
• B) the Executive Office of the President
• C) all federal departments
• D) each Office of Inspector General

---

Definitions:

Winning Bid

refers to the highest offer made in an auction that is accepted by the seller, resulting in a sale.

Bidders Values

The subjective valuation individual bidders place on the item or service being auctioned.

Low-Value

Referring to items or activities that offer minimal benefits or importance.

Expected Value

The weighted average of all possible outcomes of a random variable, considering their probabilities.