58.0k views
0 votes
In selecting a vendor, a buyer may need to obtain competitive bids by means of a document called a purchasing order.

a. true
b. false

User Berkan
by
7.6k points

1 Answer

6 votes

Final answer:

A purchasing order is not used to obtain competitive bids from vendors. It is a document issued by a buyer to a vendor to initiate a purchase.

Step-by-step explanation:

A purchasing order is not used to obtain competitive bids from vendors. A purchasing order is a document issued by a buyer to a vendor to initiate a purchase. It specifies the details of the purchase such as the products or services to be purchased, quantities, prices, and delivery dates. Competitive bidding is typically done through a process called a request for proposal (RFP) or a request for quotation (RFQ), where potential vendors submit their bids or quotes to compete for the buyer's business.

User Hesam Rasoulian
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.