Sealed bid auction - Study guides, Class notes & Summaries

CFA level 1 Exam With Complete and Correct Answers 2023 private value auctions - CORRECT ANSWER-Value is subjective and different to each bidder Ascending price (English) auction - CORRECT ANSWER-Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Sealed bid auction - CORRECT ANSWER-Each bidder submits one bid, which is unknown to the other bidders and the bidder with the highest bid wins the item ...

Sole source, single source and emergency procurements are examples of: A. The best ways of procuring goods and services. B. Non-competitive methods of procuring goods and services. C. Unauthorized procurement methods. D. Procurement methods of questionable value. - Answer B. Non-competitive methods of procuring goods and services. In preparing to write a specification or scope of work, we may want to consider one of two methods of gathering facts or details from potential vendors. We c...

Auctions Exam with 100% verified questions and answers With auctions you want to win the auction... - CORRECT ANSWER at the lowest possible price; With auctions you want to maximize... - CORRECT ANSWER discrepancy/difference between maximum willingness to pay and price actually paid. Auctions are used to. - CORRECT ANSWER price and allocate an increasingly wide variety of good services. Example of auction in NZ (digital TV switchover) - CORRECT ANSWER Digital TV switchover in 2014 fr...

Spectrum Auctions and Effective Competition Exam with Updated Questions and Answers Why are spectrum auctions held? What are the goals? - CORRECT ANSWER 1 - *Missing* markets e.g. radio spectrums are rarely traded 2 - Demand for some frequency bands typically *exceeds* supply at low prices 3 -*Uncertainty* about • Value • Amount and quality required by users 4 -Other assignment properties e.g. lotteries • Historically susceptible to *process interference* (lobbying & corrupt...

CAT-RAD - POD - Correct Answer-Program conducts solicitation reviews and delegation of purchasing authority to state agencies for service contracts which have an anticipated value of $100,00 or greater. Purchasing - Correct Answer-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing cooperative of agency contracts, and the verification of the inspection of merchandise or receipt of servi...

Market - Answer A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - Answer Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations locations - Answer An entity located on the ...

CFA Level 1 Complete Exam Questions With Correct Answers 2023

Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position would improve if a. The other customer leaves b. He receives an offer from a competing car dealer c. He can make it clear that he will leave if his offer isn't accepted d. All of the above To attract more bidders, and more aggressive bidders, to your common-value auction a. do not hold ...

CFA Level 1 Exam 58 Questions with Answers 2023 What are the 4 types of measurement scales? - CORRECT ANSWER 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - CORRECT ANSWER Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different ty...

Local Bond Law (Statute #) - ANSWER-NJSA 40A:2 Local Budget Law (Statute #) - ANSWER-NJSA 40A:4 Local Fiscal Affairs Law (Statute #) - ANSWER-NJSA 40A:5 Local Public Contracts Law - ANSWER-NJSA 40A:11 Encumbrance System (TAD#) - ANSWER-TAD 85-1 Fixed Assets (TAD#) - ANSWER-TAD 85-2 General Ledger (TAD#) - ANSWER-TAD 85-3 Annual Audit Must be Conducted by a: - ANSWER-Registered Municipal Accountant Accounting Formula(s) - ANSWER-Assets = Liabilities + Fund Balance or Ass...