The Document Which Contains the Specifications of What Is Needed

question 18

Multiple Choice

The document which contains the specifications of what is needed and details the information that must be submitted by a supplier is known as

• A)request for quotation.
• B)bid specification.
• C)preferred supplier contractor.
• D)statement of work.

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Definitions:

Department Manager

An individual responsible for overseeing a specific department within a company, ensuring its efficient operation and alignment with the organization's goals.

Investment Turnover Factor

A ratio measuring the efficiency of a company in generating sales or revenue from its investment in assets.

DuPont Formula

A financial analysis method that breaks down Return on Equity into three parts: operating efficiency, asset use efficiency, and financial leverage.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the return from an investment divided by the cost of the investment.