Which of the Following Is True in a Competitive Procurement

question 27

Multiple Choice

Which of the following is true in a competitive procurement?

• A) A lower price increases a supplier's chance of being selected but reduces its potential profit upon winning.
• B) A lower price reduces a bidder's chance of winning as well as its potential profit.
• C) A higher price increases a bidder's chance of winning as well as its potential profit.
• D) A lower price reduces a supplier's chance of being selected but increases its potential profit.
• E) A lower price increases a supplier's chance of being selected as well as raises its potential profit.

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Definitions:

Geological Processes

Natural dynamic actions or events that result in the physical modification of the earth's surface, including erosion, sedimentation, and volcanic activity.

Fossilized

Fossilization refers to the process by which organic material is replaced by minerals, turning remains into stone over geological time.

Plate Tectonics

This is the scientific theory that explains the large-scale motion of Earth's lithosphere, which is divided into tectonic plates.

Earth's Crust

The outermost layer of the Earth, composed of solid rocks and minerals, which is both continental and oceanic in type.