Which of the Following Is a Disadvantage of a Request

question 3

Multiple Choice

Which of the following is a disadvantage of a request for proposal (RFP) ?

• A) A lengthy time frame makes an RFP less appealing.
• B) The limited time allotted for the evaluation of an RFP makes the process tedious.
• C) In an RFP, every vendor gets different information, resulting in unfair bids.
• D) In an RFP, different vendors have different deadlines for submitting bids.

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Definitions:

Procurement

The process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Ownership

The legal right or state of having control over property, a company, or an artifact.

Surplus

The amount by which production or supply exceeds demand or usage.

Production Sites

Locations where goods are manufactured or assembled, characterized by the presence of facilities and machinery for production.