Practice Wrong Practices In Contracting (10) - General Principles of Contracts Management

Practise this section

9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What is bid shopping?
Show hintHide hint
Think about pricing after winning a bid.
Question 2.
Define bid fixing.
Show hintHide hint
What happens when companies agree on prices?
3Question 3.
What is bid shopping?
- Seeking cheaper subcontracts after winning a bid
- Increasing bid prices
- Collaborating to fix bids
Show hintHide hint
Think about price adjustments after securing a contract.
4Question 4.
True or False: Cartels enhance competition.
- True
- False
Show hintHide hint
Focus on the role of collusion in business practices.
Question 5.
Consider a scenario in which a contractor engages in bid shopping. What steps could the original bidder take to safeguard against this malpractice?
Show hintHide hint
Focus on preventative measures in contract writing.
Question 6.
Imagine a city suffers from cartel activity in municipal contracting. Discuss strategies that could be deployed to eliminate these practices.
Show hintHide hint
Consider the role of governance in market regulation.

5 more questions in this section. Enroll free to practise them all.