Request for Quotation Form

Request for Quotation Form

6th - 8th Grade

10 Qs

quiz-placeholder

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Request for Quotation Form

Request for Quotation Form

Assessment

Quiz

Business

6th - 8th Grade

Practice Problem

Medium

Created by

Honeyvelle Bas

Used 8+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service.

Request for quotation

Reason for quotation

Request for quercitron

Reason for quercitron

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are details needed in Request for Quotation Form EXCEPT ONE:

Company Name

Customer Details

Product

Relationship status

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An RFQ seeks an itemized list of prices for something that is well-defined and quantifiable.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

RFQ helps the customers or the clients to decide which product is the best to buy.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An RFQ doesn't allow the company wanting the products or services to easily compare quotes between companies, as they are usually used when the product or service needed is standard between companies.

True

False

Answer explanation

It allows.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The quotes are not comparable because of the little variation between the product or service from company to company.

True

False

Answer explanation

They are comparable.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The company name of the client is not needed for the RFQ.

True

False

Answer explanation

It is needed.

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