When Using a Weighted Criteria Evaluation System to Evaluate Suppliers,all

question 26

Multiple Choice

When using a Weighted Criteria Evaluation System to evaluate suppliers,all of the following are true EXCEPT:

• A)Select the key dimensions of performance based on what is important to the consumer
• B)The weights for all dimensions must sum to 1
• C)Evaluate each of the performance measures on a rating between zero and one-hundred
• D)Multiply the dimension ratings by their respective important weights and then sum to get an overall weighted score

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Definitions:

Control Phase

The stage in a project or process where monitoring and adjustments are made to ensure objectives are met efficiently and effectively.

Analyzing Actual Results

The process of examining the real outcomes or outputs of a business activity to assess performance and identify areas for improvement.

Control Phase

The stage in a process or project where monitoring occurs to ensure that objectives are being met and to implement corrective actions if necessary.

Overall Company Goals

Broad and general objectives that an organization seeks to achieve over a long-term period, guiding its mission and strategic direction.