Which of the Following Is a Consequence of a 'Request

question 12

Multiple Choice

Which of the following is a consequence of a 'Request for Quotation (RFQ) '? 

• A) Suppliers submit general information that may help them to qualify for a potential tender. 
• B) Suppliers are invited to submit a general tender. 
• C) Suppliers are invited to submit general information that will result in them being awarded a supply contract. 
• D) Suppliers are invited to submit a detailed bid which meets the requirements as laid down in the request for quotation against the lowest possible price (identical to request for tender).

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Definitions:

Market Price

The market's ongoing price for an asset or service available for sale or purchase.

Firm's Bonds

Long-term debt securities issued by a corporation to finance its projects and operations, typically offering regular interest payments to the holder.

Depreciation Tax Deduction

A tax deduction allowing businesses to write off the loss of value of tangible assets over their useful lives, reducing taxable income.

Interest Tax Shield

The savings in taxes achieved by deducting interest payments on debt from taxable income.