Utilizing a Request for Quotation (RFQ) Is Part of the ___________

question 2

Multiple Choice

Utilizing a request for quotation (RFQ) is part of the ___________ process:

• A) Supplier evaluation
• B) Risk mitigation
• C) Request for proposal
• D) Supplier selection
• E) a and b

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Definitions:

Normative

Relates to establishing, relating to, or deriving from a standard or norm, particularly in the context of ethics or societal norms.

Instrumental

Characterized by practicality and utility, often prioritizing efficiency and effectiveness towards achieving a goal.

Rational

Pertaining to actions, decisions, or beliefs that are based on reason or logical analysis rather than emotions or irrational factors.

Collective Nature

The inherent characteristics or behaviors that emerge from the interactions and relationships within groups or societies.