Which of the Following Is a Consequence of a 'Request

question 52

Multiple Choice

Which of the following is a consequence of a 'Request for Information (RFI) '? 

• A) Suppliers submit general information that may help them to qualify for a potential tender. 
• B) Suppliers are invited to submit a 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 information that may help them to be contacted for the award of a future contract for supplying goods and services.

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Definitions:

GAAP

A set of accounting standards and practices that are adhered to by companies to ensure consistency, reliability, and comparability of financial statements.

Segment Reporting

The practice of dividing a company's financial reports to show the performance of different areas of the business, such as geographical regions or product lines.

Reportable Segment

A component of a business that can be separately identified for reporting purposes, often because it engages in operations that generate revenues and expenses.

Auditor's Report

A formal opinion or disclaimer, issued by an auditor, regarding the financial statements of a company, indicating whether they present a fair and accurate view.