Question $6$ of $24.$

Which one of the following is correct regarding documenting the award of a buy using SAP?

Award documentation must be extensive and detailed.

Records of oral price quotations must be established to clearly reflect the appropriateness of the award decision.

A statement of price reasonableness is not required when only one quote or offer is received.

Comparison of competitive quotes or offers is the least preferred method for determining price reasonableness.

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