A ______ Solicits Proposals and Bids for Proposed Work from Potential

question 32

Multiple Choice

A ______ solicits proposals and bids for proposed work from potential consultants or vendors and defines the organization's goals and requirements for the new HRIS.

• A) request for proposals (RFP)
• B) vendor bid
• C) needs analysis
• D) work order

---

Definitions:

Inflows

Funds coming into a business from operations, investments, or financing activities.

Borrower in Default

A situation where a borrower fails to meet the legal obligations of a loan, such as not making scheduled payments.

Courses of Action

Different strategies or plans that an entity can choose to undertake in response to various scenarios or problems.

Quick Ratio

The quick ratio, or acid-test ratio, measures a company's ability to pay its short-term liabilities with its most liquid assets.