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:

Sure Payment

A guaranteed payment, often referring to financial transactions where the payer is obligated to pay a certain amount.

Lottery

A form of gambling which involves drawing lots for a prize, often administered by state or federal governments.

Probability

Probability is a measure or estimation of how likely it is that an event will occur, expressed as a number between 0 and 1.

Utility

In economics, a measure of satisfaction or happiness that consumers derive from consuming goods and services.