When Organizations Request for Bids for Contracts on Their Own

question 21

Multiple Choice

When organizations request for bids for contracts on their own Web site for procurement, such business is classified as a(n) :

• A) Buy-side marketplace.
• B) Sell-side marketplace.
• C) Electronic exchange.
• D) None of these.

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Definitions:

MP

An acronym for "Modus Ponens," a common form of argument that takes the structure: if P, then Q; P; therefore, Q.

Assumption

An accepted fact or statement taken for granted without proof.

Evolutionary Perspective

A theoretical approach in various fields that examines the evolutionary basis of behavior and traits.

Bonding Process

The development of a close, interpersonal relationship between individuals through emotional attachment, trust, and mutual understanding.