When a Request for Proposal (RFP)is Solicited Based on ________,Total

question 16

Multiple Choice

When a request for proposal (RFP) is solicited based on ________,total costs are usually lower and less time is required for vendor preparation and company evaluation.

• A)specific equipment needs
• B)general software needs
• C)exact hardware and software specifications
• D)system efficiency

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Definitions:

Expected Costs

The forecasted amount of expenses that will be incurred as a result of a certain action or decision.

Interest Rates

The cost of borrowing money or the return on investment, typically expressed as a percentage.

Present Value

The contemporary valuation of a future amount of money or cash flow sequence, based on an identified rate of return.

Corporate Profits Tax

A tax imposed by governments on the income of corporations, differentiating from personal income taxes.