The purpose of including instructions for the format and content of the contractor proposals in the RFP (Requests for Proposals) is <u>C. is so that a </u><u>fair evaluation</u><u> can be made.</u>
<h3>What is an RFP?</h3>
A request for proposal (RFP) is a bid-gathering document that gathers formal proposals for a project or service. It is used by most government agencies and big entities in their efforts to find the best vendor for a project.
Every RFP should provide some background information on the project and would request the vendors to include the following information:
Contractor's past experiences
Proposed technical approach
Thus, the purpose of including instructions for the format and content of the contractor proposals in the RFP (Requests for Proposals) is <u>Option C.</u>
It should be noted that When an investor uses the equity method to account for investments in common stock, cash dividends received by the investor from the investee should be recorded as deduction from the investor's share of the investee's profits.
<h3>What is an Equity method?</h3>
Equity method can be regarded as a process of treating investments when dealing with associate companies.
In this method, cash dividends received by the investor from the investee should be recorded as A deduction from the investor's share.
Products will be perfectly substitutable with one another. For example, if ACME produces only TNT bombs, a wide multiplicity of firms can come up with cheaper and/or more effective products, which would end up with people choosing those other products and stop buying ACME's.