Which of the Following Statements Is True of a Request

question 100

Multiple Choice

Which of the following statements is true of a request for proposal?

• A) It is a form sent by vendors to potential customers.
• B) It requests vendors to provide a complete list of all their products.
• C) It invites customers to bid for a product offered by a vendor.
• D) It is a summary of the vendor's offerings to a client.
• E) It is a list of user requirements sent to prospective vendors.

---

Definitions:

Simple Majority Vote

A voting method where the choice receiving more than half of the votes wins, as opposed to an absolute majority that may require a higher threshold.

Operating Agreement

An agreement containing various rights, provisions, and powers that aid in establishing the bylaws of an LLC.

Legal Rights

Rights bestowed upon individuals or entities by the law, protecting their interests and enforcing duties upon others.

Asset Acquisition

The purchase of all the property of a corporation by another corporation.