Computing the Consistency Ratio for a Criterion's Pairwise Comparison Matrix

question 15

Multiple Choice

Computing the consistency ratio for a criterion's pairwise comparison matrix is the next step after

• A)developing the criterion's pairwise comparison matrix.
• B)converting the criterion's pairwise comparison matrix to a normalized matrix.
• C)developing the criterion's priority vector.
• D)developing the overall priority vector.

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Definitions:

Comparative Advantage

The theory suggesting that countries or entities benefit and gain efficiency from specializing in the production of goods or services for which they have a lower opportunity cost.

Freedom Of Movement

The right of individuals to travel and relocate freely within a country or between different countries.

Transaction Costs

Expenses incurred when buying or selling goods and services, which may include fees, taxes, and other charges.

Middlemen

Intermediaries in the distribution process that facilitate trade between producers and consumers by buying and selling goods or services.