PMP Exam Set E – Q81

During the procurement process, a contractual relationship gets established between a buyer and a seller. During the contract lifecycle, what is the correct sequence in which the following terminology is applied to a seller? Vendor, Selected source, and Bidder.

A. The seller is viewed first as a selected source, then as a bidder and then as a vendor.
B. The seller is viewed first as a vendor, then as a bidder and then as a selected source.
C. The seller is viewed first as a bidder, then as a selected source and then as a vendor.
D. The seller is viewed first as a bidder, then as a vendor, then as a selected source.

C. The seller is viewed first as a bidder, then as a selected source and then as a vendor.