Which of the Following Statements Is NOT True Regarding Purchasing

question 81

Multiple Choice

Which of the following statements is NOT true regarding purchasing process in government markets?

• A)It requires more documentation and paperwork from suppliers because their spending decisions are subject to public review.
• B)Suppliers complain about excessive bureaucracy,costly paperwork,and red tape in this process.
• C)Requires suppliers to submit bids,and contracts are usually awarded to the lowest bidder who meets the minimum standards specified in the contract.
• D)Comparative advertising or personal sales demonstrations have great impact on purchase decisions.

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Definitions:

Stocks

Shares of ownership in a company that represent a claim on the company's earnings and assets.

Probability

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Risk Premium

Higher expected rates of return that compensate investors in risky assets. In equilibrium, differences in the rate of return reflect differences in the riskiness of an investment.

Low Risk Asset

An investment that is generally expected to yield returns with relatively lower volatility or risk of loss.