Which of the following terms is an inquiry sent to multiple suppliers to receive information?
A) Purchase requisition
B) Material authorization
C) Purchase order
D) Request for quote

Question

Quizplus · Accepted Answer

A request for quote (RFQ) is an inquiry sent to multiple suppliers to receive information about their pricing and availability for a specific product or service. A purchase requisition is a request to buy materials, a material authorization is an approval for use of certain materials, and a purchase order is a formal document that authorizes the purchase of goods or services.

Which of the Following Terms Is an Inquiry Sent to Multiple