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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 27 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 27
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

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

  • A. In the post-award and administration phase, the procuring entity identifies its needs and develops the criteria used to award the contract.
  • B. In the solicitation phase, prospective contractors prepare and submit their bids.
  • C. In the bid evaluation and award phase, the procuring entity fulfills its duties through the performance of its contractual obligations.
  • D. In the presolicitation phase, the procuring entity issues the solicitation document.
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Suggested Answer: D 🗳️
by 5a97e10 at Nov. 29, 2024, 10:49 p.m.

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5a97e10
4 days, 9 hours ago
Selected Answer: B
B for sure
upvoted 1 times
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