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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 20 Topic 3 Discussion

ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam CFE-Financial-Transactions-and-Fraud-Schemes Question # 20 Topic 3 Discussion

CFE-Financial-Transactions-and-Fraud-Schemes Exam Topic 3 Question 20 Discussion:
Question #: 20
Topic #: 3

Which of the following is the MOST ACCURATE statement about the phases of procurements involving open and free competition among contractors?


A.

In the post-award and administration phase, the parties that were contracted perform their contractual obligations.


B.

In the solicitation phase, the procuring entity identifies its needs and develops the criteria used to award the contract.


C.

In the presolicitation phase, prospective contractors prepare and submit their bids.


D.

In the bid evaluation and award phase, the procuring entity issues the solicitation document.


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