Veronica Has to Respond to an RFP with a Proposal

question 74

Multiple Choice

Veronica has to respond to an RFP with a proposal.In her proposal,she needs to ________.

• A)follow the instructions in the RFP
• B)include only the letter of transmittal
• C)include data visualization
• D)only mention the tracking number
• E)have a separate letter of authorization

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Definitions:

Efficient Production Process

A method of production that uses the least amount of resources to achieve the maximum output.

Resources And Technology

The combination of natural resources, human resources, and technology that firms use to produce goods and services.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action; the benefits you could have received by taking an alternative action.

Circular-flow Diagram

A visual construct of the financial ecosystem, detailing the exchange of dollars between households and firms via markets.