Why Does an Organization Issue a Request for Proposal

question 61

Multiple Choice

Why does an organization issue a request for proposal?

• A) to communicate what is sought from the vendor
• B) to request pricing information from the vendor
• C) to substantiate intention to buy from the vendor
• D) to request an IT demonstration from the vendor

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Definitions:

Slack Adjuster

A mechanism in braking systems, especially in heavy vehicles, that allows for automatic adjustment of the brake pads as they wear down.

Dividend Income

Income received from owning shares in a company, typically distributed from the company's profits.

Quarterly Dividends

Dividend payments made to shareholders four times a year, typically every three months.

Shares

Units of ownership in a company or financial asset that give shareholders a portion of the corporation's assets and profits.