Which of the Following Is a Document That Is Sent

question 44

Multiple Choice

Which of the following is a document that is sent as a request to vendors to submit a proposal for a product or service that your company wants to purchase?

• A) memorandum of understanding
• B) statement of work
• C) request for quote
• D) request for proposal

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Definitions:

Economic Efficiency

A state where resources are allocated in the most effective manner, maximizing the production of goods and services while minimizing waste and costs.

Standard

An established measure or model used for comparison in assessing the quality, quantity, or value of something.

Criterion

A standard or principle by which something is judged or decided.

Economic Efficiency

A situation in which resources are allocated in the most beneficial way from the perspective of society, where no one can be made better off without making someone else worse off.