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1. Describe the importance of vendor selection. 2. When selecting a vendor, what two criteria need to be assessed? Explain both criteria. 3. What is

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1. Describe the importance of vendor selection. 2. When selecting a vendor, what two criteria need to be assessed? Explain both criteria. 3. What is the risk of an overemphasis on cost when selecting or dealing with an IT vendor? 4. What needs to be done before signing a contract with an IT vendor

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