Reference no: EM13456962

1. All the below are tools and techniques of conduct procurement, except

• bidder's conferences, negotiations, and advertising.
• analytical techniques, expert judgments, and evaluation techniques.
• estimates, bidder's conferences, and evaluation techniques.
• negotiations, make-or-buy decisions, and advertising.

2. Proper selection criteria are critical for a successful project. All of the below would be considered good selection criteria for a buyer to use to select a seller, except

• managerial approach of seller, references of seller, and ability of seller to make a reasonable make-or-buy decision.
• past work done by seller, intellectual property rights, and risk associated with a given seller.
• technical capability of seller, understanding of work by seller, and business type of seller.
• financial capacity of seller, overall cost, and warranty offered by seller.