A Weighted Point Evaluation System

question 3

Multiple Choice

A weighted point evaluation system:

• A) is seldom used because the costs usually outweigh the benefits.
• B) includes evaluation criteria, an importance factor for each, and a rating system.
• C) includes efficiency and effectiveness metrics weighted by users perceptions.
• D) is the most commonly used process because of ease of design and use.
• E) allows each rater to weight the criteria, but all raters user the same rating scales.

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Definitions:

Service Business

A type of business that primarily offers intangible goods or services to consumers, such as consulting, legal advice, and maintenance services.

Merchandising Business

A type of business that makes profit by buying goods at a wholesale price and selling them at a retail price, primarily dealing in goods rather than services.

Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position, typically including the balance sheet, income statement, and statement of cash flows.

Purchases Returns and Allowances

From the buyer’s perspective, returned merchandise or an adjustment for defective merchandise.