All of the Following Are Advantages of a Weighted-Point Supplier

question 58

Multiple Choice

All of the following are advantages of a weighted-point supplier evaluation system except _____.

• A)flexible system
• B)supplier ranking allowed
• C)moderate implementation costs
• D)total cost approach
• E)quantitative and qualitative factors combined into a single system

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Definitions:

Instrument

A formal document that serves as a legal evidence of a fact or agreement, such as a contract, deed, will, or promissory note.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity under agreed terms.

Negotiated

Discussed or arranged terms and conditions towards an agreement through a process of bargaining.

Assigned

Designated or allocated to someone or something for a specific purpose.