The Simple Scoring Model Has This Advantage Over a Checklist

question 60

Multiple Choice

The simple scoring model has this advantage over a checklist model for screening projects.

• A)Scaling from 1 to 5 is extremely accurate.
• B)Scaling models ensure a reasonable link between the selected and weighted criteria and the business objectives that motivated their selection.
• C)Scaling models allow decision makers to treat one criterion as more important than another.
• D)Scaling models have been proven to make correct decisions better than 95% of the time while checklists only achieve 80% accuracy.

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Definitions:

Labor Market

A marketplace in which employers find workers and workers find jobs; this market is influenced by supply and demand for labor, skills required, and wage levels.

Equilibrium Wage

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied in the market, leading to a stable employment situation.

Employment Level

The total number of people currently employed in the economy, either full-time or part-time.

Illegal Immigrants

Individuals who enter or reside in a country without proper authorization or legal permission from that country's government.