Which of the Following Is True Regarding the Development of an RFP

question 33

Multiple Choice

Which of the following is True regarding the development of an RFP?

• A) Unlike the systems development life cycle, a thorough systems analysis is not required.
• B) The RFP process is the preferred method for development of an information system by in-house personnel.
• C) Like the systems development life cycle, a thorough systems analysis is required.
• D) Lie the systems development life cycle, detailed computer codes must be developed by the facility.

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a specified period.

VC

Venture Capital, a form of private equity financing provided by investors to startups and small businesses with long-term growth potential.

AVC

Average Variable Cost, which is the total variable costs (costs that change with production levels) divided by the quantity of output produced.

AFC

Average Fixed Cost; the fixed expenses of a company divided by the number of units produced.