When Preparing a Competitive Proposal in Response to an RFP

question 47

Multiple Choice

When preparing a competitive proposal in response to an RFP, ________ for judging.

• A) price is never the most important criterion
• B) your ability to meet very specific requirements is always the top priority
• C) your ability to deliver your product or service quickly will always be viewed as the most important criteria
• D) you won't know what criteria will be used
• E) the RFP will outline the important criteria used

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Definitions:

Working Capital

Current assets less current liabilities.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.

Acid-Test Ratio

A financial ratio indicating a firm's capacity to settle short-term debts without having to sell its stock.

Marketable Securities

Financial instruments that can be easily converted to cash, such as stocks, bonds, and Treasury bills.