All of the Following Are True About the RFP Process

question 40

Multiple Choice

All of the following are True about the RFP process EXCEPT

• A) Because the RFP is so complete, vendor demonstrations and site visits are usually not necessary.
• B) Because system evaluation is required, end-users should be included.
• C) Because review of responses to RFPs can be time-consuming, RFPs are only sent to a few vendors.
• D) Because the RFP may be used as part of the system contract, it should be complete and accurate.

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Definitions:

Dollar-Euro Market

The foreign exchange market where the US dollar and the Euro are traded against each other.

Increased Demand

A situation where consumers are willing and able to purchase more of a good or service at each price level, leading to a shift rightward of the demand curve.

U.S. Buyers

Individuals or entities within the United States that purchase goods or services, either domestically or from international markets.

Demand for British Pounds

The desire or need by individuals, businesses, or countries to purchase or hold British currency for the purpose of investment or transactions.