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10. Wrong Practices in Contracting
This section
Practice test
11 questions on this section. Wrong answers show you what to read again.
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Revision test
Mixed questions from across the chapter. Your answers get marked.
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Flashcard drill
4 cards from this lesson. Good the night before a test.
Try these first
- 1.
What is bid shopping?
Hint
Think about pricing after winning a bid.
- 2.
Define bid fixing.
Hint
What happens when companies agree on prices?
- 3.
What is bid shopping?
- Seeking cheaper subcontracts after winning a bid
- Increasing bid prices
- Collaborating to fix bids
Hint
Think about price adjustments after securing a contract.
- 4.
True or False: Cartels enhance competition.
- True
- False
Hint
Focus on the role of collusion in business practices.
- 5.
Consider a scenario in which a contractor engages in bid shopping. What steps could the original bidder take to safeguard against this malpractice?
Hint
Focus on preventative measures in contract writing.
- 6.
Imagine a city suffers from cartel activity in municipal contracting. Discuss strategies that could be deployed to eliminate these practices.
Hint
Consider the role of governance in market regulation.
Exercises
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
4 more questions available
Enrol freeQuiz
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
1 more question available
Enrol freeChallenge Problems
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting