A Company Should Carefully Evaluate Proposals Submitted by Software Vendors

question 49

Multiple Choice

A company should carefully evaluate proposals submitted by software vendors.What is the first step a company should take in the proposal evaluation process?

• A)Carefully compare proposals against the proposed AIS requirements.
• B)Determine how much of a given proposal meets the desired AIS requirements.
• C)Eliminate proposals that are missing important information or fail to meet minimum requirements.
• D)Invite vendors to demonstrate their systems.

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Definitions:

Consumer Price Index

An indicator of inflation that looks at the weighted average costs of a collection of consumer goods and services.

Savers

Individuals or entities that set aside funds rather than spending them, typically to accumulate wealth for future use.

Creditors

Creditors are individuals or institutions to whom money is owed by another individual or entity, typically resulting from a loan or credit extended.

Debtors

Individuals or entities that owe money to another party, typically as a result of borrowing funds.