module 4

Question 1

is a cycle with each step requiring the exchange of information and various approval to move forward

Answer 1

purchasing process

Question 2

manufactured goods, equipment, furniture computers, materials and supplies are defined

Answer 2

goods

Question 3

construction, reconstruction and rehabilitation of infrastructure, including all kinds of building, port, highways, roads and bridges are known as

Answer 3

works

Question 4

intellectual and advisory services are called consultancy services, example include project management, advice on privatization, design and delivery of training etc

Answer 4

consultant service

Question 5

is an important government system for spending public money on acquisition of goods, works and sevices needed for public programs and projects

Answer 5

PUBLIC PROCUREMENT

Question 6

is an individual, community or an organization with interest in public or public activity

Answer 6

stakeholders

Question 7

refers to the different market characteristics to determine relation between sellers to each another, of sellers to others and more

Answer 7

market structures

Question 8

dominated by a few firms, resulting in limited competition

Answer 8

oligopoly

Question 9

exist when there is a single firm controls the entire market

Answer 9

pure monopoly