There Are Many Types of Procurement Documents, but the Most

question 10

Multiple Choice

There are many types of procurement documents, but the most used on IT projects are the RFP and RFQ.

• A) SLA and SOW
• B) RFP and RFQ
• C) SOW and RFP
• D) SOW and RFQ

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Definitions:

Indirect Method

A method used in cash flow statements to convert net income into net cash flow from operating activities by adjusting for non-cash transactions and changes in working capital.

Depreciation Expense

The allocated portion of the cost of a fixed asset, written off as an expense over its useful life to reflect its wear and tear or obsolescence.

Amortization Expense

The periodic allocation of the cost of an intangible asset over its useful life.

Operating Activities

Operating Activities refer to the primary revenue-generating activities of a company, such as sales and service provision, and their related expenditures.