When Large or Expensive Items Are Purchased, Most Organizations Make

question 93

Multiple Choice

When large or expensive items are purchased, most organizations make use of a procedure to obtain competitive bids from multiple vendors. The document used to obtain competitive bids is called a(n) :

• A) purchase requisition
• B) purchase order
• C) request for quotation
• D) authorization to bid

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Definitions:

Societal Goals

Objectives or aims that are deemed important or beneficial for the society as a whole.

Higher Levels of Intelligence

A state of advanced cognitive ability that includes superior problem-solving skills, faster learning, and the ability to understand complex concepts more easily.

Industriousness

A trait characterized by a persistent and hardworking approach to tasks and goals, often leading to success in endeavors.

High Aspirations

The desire to achieve great success or high standards.