Which of the Following Statement Is True in the Case

question 25

Multiple Choice

Which of the following statement is true in the case of procurement from equipment vendors?

• A) The lowest bid will win the contract.
• B) The lowest bid may not win the contract.
• C) The most innovative concept, irrespective of cost, wins the contract.
• D) Suppliers who quote higher prices do not win contracts.
• E) Suppliers who meet the project schedule will win the contract.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing unhealthy or destructive behaviors through reinforcement strategies and conditioning.

Psychoanalysis

A therapeutic technique and theory of psychology developed by Sigmund Freud, focusing on unconscious processes and resolving internal conflicts.

Sigmund Freud

A neurologist from Austria who initiated the field of psychoanalysis, which employs conversation between a psychoanalyst and a patient as a therapy for mental disorders.

Drug Therapy

The treatment of disease by the administration of drugs, as distinguished from surgery, radiation, etc., often specifically referring to the use of medication to treat mental health conditions.