A Grocery Store Is Trying to Find a New Supplier

question 168

Multiple Choice

A grocery store is trying to find a new supplier for carrots. Its three most important supplier criteria are freshness, lot size, and cost, with factor weights of 0.3, 0.1, and 0.6, respectively. What would a supplier with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?

• A) 24
• B) 1
• C) 7.4
• D) 9.8
• E) 8.6

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Definitions:

Federal Income Tax

A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.

FICA Rate

The percentage of social security and Medicare taxes that must be paid by both employees and employers under the Federal Insurance Contributions Act.

SUTA Rate

The rate imposed on employers by a state to fund unemployment benefits, varying by state and the employer's claim history.

Interstate Commerce

Refers to any business or trade activity that crosses state lines, regulated by the federal government in the United States.