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NEW QUESTION: 1
Your manager has approached you regarding her desire to outsource certain functions to an external firm.
She would like for you to create a document to send to three vendors asking them for solutions for these functions that your organization is to outsource. What type of a procurement document would you create and send to the vendors in this instance?
A. Request for Information
B. Request for Proposal
C. Request for Quote
D. Invitation for Bid
Answer: B
Explanation:
Explanation/Reference:
Answer option C is correct.
A request for proposal (RFP) is a procurement document that asks the vendor to provide solutions, ideas, and detailed information about the outsourced function. The vendor will provide a proposal in response to the RFP. An RFP is often sent with a statement of work that details the outsourcing need that the vendor is to provide a solution and a price.
Answer option A is incorrect. A Request for Quote (RFQ) is a procurement document that asks the vendor to provide just a price for the solution to be purchased - no ideas or suggestions are needed from the vendor. RFQ are often used with materials, such as cost per metric ton or cost per unit.
Answer option B is incorrect. An invitation for bid (IFB) is identical to the request for quote. It is a procurement document asking the vendor for a fixed price for a specific thing to be purchased.
Answer option D is incorrect. A request for information (RFI) asks the vendor for more information about their solution, services, or company. An RFI could ask for samples, references of work, white papers, and more information.
Reference: PHR Exam Prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter Three: Strategic Management. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-
44149-4, Section III, The US HR Body of Knowledge.
Chapter: Core Knowledge Requirements for HR Professionals
Objective: Needs Assessment and Analysis
NEW QUESTION: 2
If A and B are two roots of the equation X2 -6.5X - 17, then what is the value of A x B?
A. 16.5.
B. -18.
C. -17.
D. 15.
E. 22.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The roots of the equation are 8.5 and (-2).
The multiplication of the roots is equal to (-17).
NEW QUESTION: 3
A. Option A
B. Option D
C. Option B
D. Option C
Answer: C