Which of the Following Is NOT True with Respect to an RFQ

question 37

Multiple Choice

Which of the following is NOT true with respect to an RFQ or RFP?

• A)It describes the purchase requirements.
• B)It is the first step in competitive bidding.
• C)It is often communicated to suppliers electronically.
• D)It is used to determine weights in supplier scorecards.

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Definitions:

Liquidation

The process of converting assets into cash or cash equivalents, often in the context of winding up a company.

Repayment Plan

An agreement between a borrower and lender detailing the manner in which a loan will be paid back, often including the schedule, amounts, and duration.

Discharged of the Rest

This term could refer to the legal release from the remainder of an obligation or debt when conditions have been partially met or circumstances have changed, but is not a standard legal term and requires more specific context for accurate definition.

Financial Situation

Refers to the current state of an individual's or organization's finances, encompassing assets, liabilities, income, and expenses.