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:

Operating Cycle

The duration of time it takes for a business to turn its inventory into cash through sales.

Merchandiser

A person or company involved in the purchase and sale of goods. In accounting, it refers to a business that sells finished goods to consumers.

Cash Sales

Transactions in which the buyer pays for a good or service with cash at the time of purchase.

Purchases of Merchandise

Transactions involving the buying of goods for resale, typically used in retail or wholesale businesses.