Differences between government and private contracts stem

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Reference no: EM132247282

1. Which of the following must be present for a contract between the United States and a private party to be held valid?

A - an order and an acceptance of the offer

B - consideration

C - mutuality of obligation

D - all of the above

2. The differences between government and private contracts stem from:

A statutory requirements

B the character of the government sovereignty

C an agents authority to exercise proper power

D all of the above

3. The decision as to whether the procurement will be made by sealed budding or by negotiation is made by:

A- the contracting officer

B- a caucus is budding contractors

C- a joint meeting between the contracting officer and prospective bidders

D- none of the above

4. Firms should not select their principal programs on the basis of the:

A - firmness is the customers requirements

B - amount of present and future funding

C - firms competitive position

D - opinions of engineering personnel

Reference no: EM132247282

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