Which of the Following Is a Definition of an RFP

question 290

Multiple Choice

Which of the following is a definition of an RFP?

• A) A document sent to potential vendors to solicit a bid for a project.
• B) A document sent to potential vendors to request information for skills and experience for a project.
• C) A document sent to potential vendors to request a commitment for a project.
• D) A document sent to potential vendors to solicit information that excludes pricing information for a project.

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Definitions:

Compensation

Payment or benefits provided to employees in exchange for their labor or services, including salaries, wages, and benefits packages.

Principal-agent Relationship

A dynamic between a principal, who delegates tasks, and an agent, who performs tasks on the principal's behalf, often leading to issues related to alignment of interests.

Decision Makers

Individuals or groups responsible for making choices that influence outcomes or the direction of a project, strategy, or organization.

Information

Data, facts, or knowledge conveyed or represented in a format that is understandable and can be used to make decisions.