The ____ Contains a List of Technical Specifications for Equipment

question 55

Multiple Choice

The ____ contains a list of technical specifications for equipment, software, and services determined during the system design phase and requests that vendors propose products that meet those specifications.

• A) benchmark test
• B) request for proposal (RFP)
• C) request for quotation (RFQ)
• D) data dictionary

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Definitions:

Seller

An individual or entity that offers goods or services in exchange for payment, playing a crucial role in the dynamics of supply and demand in a market.

Market

A system or arena where buyers and sellers interact to trade goods, services, or resources.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.

Tax

A compulsory financial charge or other levy imposed on an individual or a legal entity by a governmental organization.