The Approaches to Evaluating Vendor Proposals That Do Not Incorporate

question 44

Multiple Choice

The approaches to evaluating vendor proposals that do not incorporate dollar estimates of costs or benefits are known as

• A) benchmark problem and point scoring.
• B) point scoring and requirement costing.
• C) requirement costing and benchmark problem.
• D) All methods mentioned above include dollar estimates.

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Definitions:

FTC

The Federal Trade Commission, a U.S. agency responsible for consumer protection and maintaining competition.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at prohibiting certain actions that lead to anti-competitiveness, such as price discrimination, exclusive dealings, and mergers that substantially lessen competition.

Antitrust Violation

An action that contradicts laws established to prevent unfair competition and promote a healthy market environment.

Horizontal Mergers

The combination of two or more companies at the same stage of production in the same or different industries.