Identify a Disadvantage of a Request for Proposal (RFP)

question 12

Multiple Choice

Identify a disadvantage of a request for proposal (RFP) .

• A)A lengthy time frame makes a request for proposal less appealing.
• B)If the time involved in evaluating proposals is short,it makes the request for proposal complex.
• C)In a request for proposal,every vendor gets different information resulting in unfair bids.
• D)In a request for proposal,different vendors have different deadlines for submitting bids.

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Definitions:

Straight-line Method

A depreciation method that allocates an equal portion of the cost of a fixed asset to each year of its useful life.

Troubled Debt Restructuring

The process of modifying the terms of a debt agreement due to the debtor’s financial difficulties to enhance the likelihood of repayment.

Extraordinary Gains

Gains that are both unusual and infrequent in nature, typically reported separately in financial statements to provide clarity on a company's ordinary income.

Settlement

The resolution of a transaction or dispute, involving the transfer of funds or assets, or the fulfillment of contractual obligations.