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Government Market: Definition & Overview

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What's the defining characteristic of a government market?

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1. What is the name for the process of the government obtaining goods and services from businesses?

2. What are two ways the federal government may award a contract?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of a government market. Topics you'll need to know to pass the quiz include the defining characteristics of a government market.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Defining characteristics of a government market
  • The process of the government obtaining goods and services
  • Two ways the federal government awards a contract
  • Types of government contracts
  • Court that handles most lawsuits

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Knowledge application - use your knowledge to answer questions about government markets
  • Interpreting information - verify you can read information regarding types of government contracts
  • Reading comprehension - ensure that you draw the most important information from the related government market lesson

Additional Learning

To learn more about the markets involving the government, review the corresponding lesson on Government Market. This lesson will help you:

  • Define what a government market is
  • Describe the growing trend of government markets in the past few decades
  • Understand the government procurement process
  • Know the different types of contracts used by the government
  • Learn about the Contracts Disputes Act of 1978
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