This Question Has Four Possible Answers Listed Below and Only

question 1

Multiple Choice

This question has four possible answers listed below and only one of them is correct. If you select one at random, what are the odds that you pick the correct answer?

• A) 1:2
• B) 1:3
• C) 1:4
• D) 1:5

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Definitions:

Services

Activities performed by one party for another that do not result in ownership of physical products, often characterized by intangibility, variability, and inseparability.

Materials

The tangible substances or components used in the construction or manufacture of a product within a project.

Request For Quote

A formal document that an organization sends to suppliers or service providers asking them to provide a price estimate for specified goods or services.

RFP

Request for Proposal; a document that solicits proposal, typically made through a bidding process by an agency or company interested in procurement of a commodity, service, or valuable asset.