Question

The VP of Manufacturing at Roshanak Incorporated wants to buy a new die-cast machine for production. The die-cast machine is expected to cost around $1,000,000. Which document will most likely be used to solicit bids from suppliers?A) RFPB) eVoiceC) RFJD) RFB

Answer 1

Answer: (A) RFP

Explanation:

  The RFP is stand for the Request for proposal and it is one of the type of business related document that is used by various types of organizations and the companies for the purpose of outlining the actual needs for the given project.  

 According to the given question, the RFP is the document that is used to solicit bids from the supplier as it it sent to the prospective suppliers for the specific competitive bids and the best bid is basically selected by the committee of capital investors.

 After the selection process, the best supplier gives all the asset and the regular expenditure process of the specific organization. Therefore, Option (A) is correct answer.