Knowledge quiz

It's time to put what you've learned to the test, get 7 right to pass this unit.

1.

A Request for Information (RFI) is an event type that’s competitive, and participant responses are shown to other participants.

Choose the correct answer.
2.

Which of the following RFP templates allows suppliers to submit primary and secondary responses?

Choose the correct answer.
3.

In which auction format are supplier prices progressively lowered in an effort to outdo the competition?

Choose the correct answer.
4.

In which auction format does a participant who doesn't accept a price level for an item become inactive?

Choose the correct answer.
5.

Which of the following templates is suited for when pricing terms are not equal across suppliers?

Choose the correct answer.
6.

Which of the following is considered a Closed RFP?

Choose the correct answer.
7.

In which of the following auction formats are suppliers motivated to accept the listed price as soon as they can, or risk losing?

Choose the correct answer.
8.

What is used to include factors other than price into cost terms, such as shipping costs.

Choose the correct answer.
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