Vendor Bid Analysis Is Used to Determine Whether the Price

question 12

True/False

Vendor bid analysis is used to determine whether the price being asked by the vendors appears to be reasonable.

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Definitions:

Bluing

A process used to protect steel against rust by forming a thin protective layer of magnetite (Fe3O4) on its surface.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Soda Pop

A sweetened, carbonated beverage, often flavored and containing caffeine, colours, and preservatives.

Mixture

A combination of two or more substances that are not chemically bonded and can be separated by physical means.