Anna and Melinda Were Choosing a New General Ledger System

question 33

Multiple Choice

Anna and Melinda were choosing a new general ledger system for the company they own.They decided to use three factors for the evaluation: adaptability, strategic fit and training.They considered training three times more important than strategic fit; they considered adaptability twice as important as strategic fit.To keep their evaluation simple, they assigned a weight of "1" to strategic fit.If software package B had scores of 3 on adaptability, 6 on strategic fit and 8 on training, its score using the weighted-rating technique will be:

• A)6.
• B)12.
• C)36.
• D)Some other number.

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Definitions:

Market Price

This is the current price at which an asset or service can be bought or sold.

Privileged Subscription

An offer to existing shareholders to purchase additional shares in a company before the new shares are offered to the public.

Holder-Of-Record Date

The specific cutoff date established by a corporation by which one must be on the company's books as a shareholder to receive a dividend or other distribution.

Percentage Ownership

The fraction of a company's shares owned by an individual or entity, expressed as a percentage of the total shares outstanding.