__________ Systems Using Reverse Auctions Are Often Mandatory to Ensure

question 68

Multiple Choice

__________ systems using reverse auctions are often mandatory to ensure the best price and quality for government procurement of goods and services.

• A)Electronic tendering
• B)Cloud computing
• C)Spot sourcing
• D)Maverick buying

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Definitions:

Conforming Goods

Goods that conform to contract specifications.

Measure Of Recovery

The methods or calculations used to determine the amount of damages to be recovered in a legal suit, typically financial compensation for loss or injury.

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Reasonable Opportunity

An equitable chance or fair circumstance that allows an individual to perform an action or fulfill an obligation.