Which of the Following Best Explains 'Tendering

question 1

Multiple Choice

Which of the following best explains 'tendering'? 

• A) Activities needed to select contractor for the work based on competitive bids. 
• B) Activities needed to develop technical specification of the work. 
• C) Activities needed to select contractor. 
• D) Activities need to implement a technical specification.

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Definitions:

Cost Accounting System

A system of accounting for recording, classifying, allocating, summarizing, and analyzing various alternative courses of action for controlling costs.

Service Center

A segment within an organization that provides essential support services or assistance to other departments or units within the organization.