In Allocating Weights to the Decision Criteria, Which of the Following

question 109

Multiple Choice

In allocating weights to the decision criteria, which of the following is helpful to remember?

• A)All weights must be the same.
• B)The total of the weights should sum to 1.0.
• C)Every factor criterion considered, regardless of its importance, must receive some weighting.
• D)Assign the most important criterion a score, and then assign weights against that standard.
• E)The most important and least important criteria should receive the inverse weighting standard.

Understand the concept of political risk and its implications on international business.

Recognize the different laws and regulations that foreign companies face when operating in the United States.

Comprehend the principles of the World Trade Organization and the significance of most favoured nation status.

Identify the role of tariffs in international trade and their impact on local firms and foreign competition.

---

Definitions:

Qualitative Model

A model that employs descriptive or categorical data to understand patterns and relationships without relying on numerical data, often used in social sciences and market research.

Quantitative Model

A mathematical model that uses numerical data and statistical methods to represent and solve problems or analyze scenarios.

Scenario Planning

A strategic planning method used to make flexible long-term plans based on anticipating various future scenarios and their implications.

Time Series Model Analysis

Statistical techniques used to analyze time-ordered data points to forecast future trends.