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:

Subsidies

Financial support provided by the government to individuals, businesses, or institutions to encourage production or consumption of certain goods or services.

Healthcare Consumers

Individuals who use, are affected by, or are potential users of health care services.

Third-Party Payments

Transactions where a person or entity makes a payment on behalf of another, often seen in healthcare insurance.

Third Party

An entity that is not directly involved in a transaction but may be affected by it or has a peripheral interest.