Four Companies Quoted for and Supplied Paints to a Massive

question 58

Multiple Choice

Four companies quoted for and supplied paints to a massive housing reconstruction program.There were 200 contracts distributed over 10 years.Each company won 25 percent of the contract each year.This is an example of:

• A)bid rigging.
• B)bait-and-switch.
• C)predatory pricing.
• D)referral selling.
• E)pyramid selling.

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Definitions:

Special Trust

A fiduciary relationship or arrangement in which one party holds property or assets for the benefit of another party, marked by a particular purpose or objective.

Intended Beneficiary

A person or entity that is specifically designated to benefit from a contract, trust, or estate, even though they are not a direct party to the agreement.

Lenders Bank

A financial institution that provides loans to individuals or entities and expects to be repaid with interest.

Food Truck

A mobile vehicle equipped to cook, prepare, and sell food at different locations.