Which of the Following Statements About the Government Business Market

question 4

Multiple Choice

Which of the following statements about the government business market is CORRECT?

• A) Only large vendors with annual sales of more than $20 million are authorized to sell to the federal government;small vendors are restricted to the state and local government market.
• B) The Office of Management and Budget is the federal agency that contracts for all the U.S.government's buying requirements.
• C) Selling to states,counties,and cities can be less frustrating for both small and large vendors than selling to the federal government.
• D) The president of the United States must personally authorize all federal government purchases.
• E) Contracts for government purchases are rarely put out for bid.