At Which Stage of the Procurement Process Would a Buyer

question 22

Multiple Choice

At which stage of the procurement process would a buyer be MOST likely to invite potential suppliers to provide a formal written presentation?

• A) Problem recognition
• B) General need description
• C) Information/supplier search
• D) Product specification
• E) Proposal solicitation

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Definitions:

Necessary

Essential or required for a particular purpose, without which the objective cannot be achieved.

Ratification

The action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.

Emancipation

The process by which a minor becomes legally recognized as an independent adult, free from parental control.

Disaffirm

The legal act of rejecting or nullifying a contract or agreement, often used in the context of contracts entered into by minors.