The type of bidding in which the bids are met before the allocation of competitive bidders is considered as ___________?
Correct answer: B. preferential basis
- A. firstly basis
- B. preferential basis
- C. federal basis
- D. last basis
Explanation
Preferential bidding gives priority to noncompetitive bids before the remaining securities are allocated among competitive bidders. This ensures small or noncompetitive applicants receive their requested allocation first.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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