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A Standard Method Exists for Assigning the Weight Factors in the Evaluation

question 10

True/False

A standard method exists for assigning the weight factors in the evaluation of responses to an RFP.


Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce its availability to others.

Marginal Costs

The increase in total cost that arises from producing one additional unit of a good or service.

Marginal Benefits

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Net Benefit

The total benefits of a decision or action minus the total costs associated with that decision or action.

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