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:

Reportable

Pertains to information or incidents that must be officially recorded or disclosed, often in the context of legal, financial, or regulatory requirements.

Operating Segments

Components of a business that engage in operations that earn revenues, incur expenses, and are reviewed regularly by the company's management.

Reportable Segment

A component of a business that generates revenues and expenses related to the business’s operations, and whose financial results are regularly reviewed by the entity’s chief operating decision maker.

Minimum Revenue

The lowest amount of income considered acceptable or necessary for a company or project to stay viable.