Multiple Choice
The three options for soliciting business from potential suppliers are:
A) request for information (RFI) ,request for quotation (RFQ) and request for proposal (RFP) .
B) request for quotation (RFQ) ,request for proposal (RFP) and request or invitation for bid (RFB or IFB) .
C) request for quotation (RFQ) ,request for confirmation (RFC) and request for proposal (RFP) .
D) request for information (RFI) ,request for proposal (RFP) ,and request or invitation for bid (RFB or IFB) .
E) request for quotation (RFQ) ,request for price (RFP) ,and request or invitation for bid (RFB or IFB) .
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Electronic data interchange (EDI)provides:<br>A)secure transmission of large
Q2: Information systems technology can:<br>A)increase data accessibility and
Q3: If the buyer does not have a
Q4: Online reverse auctions have been most effective
Q5: Application software for the procurement process is
Q6: Invoice clearance and payment procedures:<br>A)are best performed
Q7: Small dollar value purchase orders for MRO
Q8: Corporate purchasing cards are issued to:<br>A)internal customers
Q9: Radio frequency identification (RFID)will:<br>A)eliminate bar coding and