Which of the Following Is a Principle of Public Procurement

question 38

Multiple Choice

Which of the following is a principle of public procurement? 

• A) Value for money. 
• B) Transparency. 
• C) Efficiency. 
• D) Competitive tendering.

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Definitions:

Fixed Costs

Financial obligations that do not change with the level of production or output within a certain range.

Birthday Cakes

A cake that is specifically made and decorated to celebrate someone's birthday, often featuring candles representing the age of the individual.

Marginal Cost

The financial commitment for the creation of an additional unit of a product or service.

Producing Bagels

The process of making bagels, which involves mixing, shaping, boiling, and baking dough in a specific manner.