A Weighted Point Evaluation System

question 3

Multiple Choice

A weighted point evaluation system:

• A)includes evaluation criteria,an importance factor for each,and a rating system.
• B)includes efficiency and effectiveness metrics weighted by users perceptions.
• C)is seldom used because the costs usually outweigh the benefits.
• D)is the most commonly used process because of ease of design and use.
• E)allows each rater to weight the criteria,but all raters use the same rating scales.

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Definitions:

Natural Rate

The natural rate refers to the long-term unemployment rate that an economy experiences under normal conditions, unaffected by short-term cyclical fluctuations.

Full-Employment

A scenario where an economy utilizes all accessible labor resources in the most optimized manner.

Potential Output

Represents the highest level of real Gross Domestic Product (GDP) that can be sustained over the long term without increasing the rate of inflation.

Sustainable Output

The level of production that can be maintained over the long term without depleting natural resources or harming the environment.