A ________ Is an Invitation to Software Companies to Submit

question 42

Multiple Choice

A ________ is an invitation to software companies to submit a formal proposal, including a detailed description of their products, services, and costs.

• A) request for proposal
• B) request for application
• C) request for quotation
• D) request for tender

---

Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period, usually a fiscal quarter or year.

Depreciation Expense

Represents the systematic reduction in the recorded cost of a fixed asset over its useful life.

Functional Currency

The main form of money used in the chief economic setting where an organization functions, usually utilized in its financial statements.

Exchange Rates

The cost of converting one currency into another.