A company is screening ideas for new services.Four alternative service ideas are being considered.Management identified four criteria and weighted them as follows: A = 40,B = 30,C = 20,and D = 10.They have also come up with scored values for the five alternatives and the four criteria as shown following.Management has decided that if an alternative has less than a total scored value of 600,it should automatically be rejected.Use the preference matrix technique to determine which idea should be accepted.
Definitions:
Parking Operations
The management and operation of parking facilities, including the planning, financing, and implementation of efficient systems to accommodate vehicles.
Enterprise Fund
A fund established by a government to account for operations financed by user charges, often used for utilities and public services.
Journal Entry
A recording of a transaction in an accounting journal that notes the debits and credits affecting the accounts involved.
GASB Statement No. 87
A statement issued by the Governmental Accounting Standards Board establishing guidelines for reporting lease transactions in governmental financial statements.
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