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Exam CBAP topic 1 question 126 discussion

Actual exam question from IIBA's CBAP
Question #: 126
Topic #: 1
[All CBAP Questions]

You are completing the requirements for vendor selection and need to create a procurement form that will ask the vendor to provide only a price for commercial- off-the-shelf solution.
What type of procurement form will you need to provide to the vendor?

  • A. Request for proposal
  • B. Purchase order
  • C. Request for information
  • D. Request for quote
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Suggested Answer: D 🗳️
by Dillon91 at Jan. 26, 2023, 2:06 p.m.

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Virgo1990
2 weeks, 6 days ago
Selected Answer: D
p. 450 A Request for Quote (RFQ) procurement method of soliciting price and solution options from vendors
upvoted 1 times
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Nobita135
7 months ago
Selected Answer: D
A Request for Quote (RFQ) is used when an organization knows exactly what product or service it needs and only wants vendors to provide pricing information. In this case, since the goal is to obtain a price for a commercial-off-the-shelf (COTS) solution, the RFQ is the appropriate procurement form.
upvoted 1 times
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CBAPCohort6
8 months, 4 weeks ago
Selected Answer: D
request for quote (RFQ): A procurement method of soliciting price and solution options from vendors.
upvoted 1 times
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Inzaghi78
1 year, 2 months ago
Selected Answer: D
Babok V3 p450. request for quote (RFQ): A procurement method of soliciting price and solution options from vendors
upvoted 4 times
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b9adaf1
1 year, 5 months ago
Babok V3 p.450 Request for quote (RFQ): A procurement method of soliciting price and solution options from vendors
upvoted 2 times
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NorieRose
1 year, 5 months ago
Selected Answer: A
Request for Proposal. The RPF outlines your requirements, expectations, evaluation criteria, and terms for the COTS product or service you are seeking. It helps vendors understand your needs and submit proposals detailing how their solution meets your criteria.
upvoted 2 times
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Dillon91
2 years, 5 months ago
pg361 babok
upvoted 3 times
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