A Request for Quotation (RFQ)

question 2

Multiple Choice

A request for quotation (RFQ) :

• A)signals the purchaser has identified a supplier as a potential source of supply and asks for information.
• B)asks the supplier to declare at what price and what terms they are prepared to supply.
• C)permits the supplier to fit the specifications for supply to its strengths.
• D)signals the purchaser has identified a supplier as a potential source of supply and asks for information,and asks the supplier to declare at what price and what terms they are prepared to supply.
• E)asks the supplier to declare at what price and what terms they are prepared to supply and permits the supplier to fit the specifications for supply to its strengths.

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Definitions:

Qualified Profit-Sharing

A retirement plan that allows employers to contribute to their employees' retirement savings, which are then invested and allocated to individual accounts.

Additional Tax

The extra amount of tax that taxpayers may owe after their initial tax payment or withholding.

IRS Tax Levy

A legal seizure by the Internal Revenue Service to capture property or assets to satisfy a tax debt.

Health Insurance Premiums

Payments made to health insurance companies to maintain coverage and ensure medical care is covered, often deductible on taxes.