When Using the Ranking Method of Evaluating Suppliers

question 16

Multiple Choice

When using the ranking method of evaluating suppliers:

• A) each supplier is ranked for overall suitability
• B) important factors are selected and assigned a "weight"
• C) suppliers are rated against each factor
• D) weight and rating of each supplier is multiplied for each factor and the total taken as the ranking of the supplier
• E) all the above are used.

---

Definitions:

Itemization

The process of listing individual items or services separately, often in billing or accounting.

Funeral Services

Professional services provided by a licensed funeral director and staff, which may include the preparation of the body, conducting the funeral ceremony, and the management of the funeral process.

Federal Law

The body of law created by the federal government of a country, which applies to the entire nation and supersedes state laws in areas of federal jurisdiction.

Federal Trade Commission

A government agency established in 1914 to prevent unfair business practices and help maintain a competitive economy.