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A Company wants to buy a moulding machine that can be integrated into its computerized manufacturing process.It has received three bids for the machine and related manufacturer's specifications.The bids range from $3,500,000 to $3,550,000.The estimated annual savings of the machines range from $260,000 to $270,000.The payback periods are almost identical and the net present values are all within $8,000 of each other.The president just doesn't know what to do about which vendor to choose; all the selection criteria are so close together.Required:
What suggestions do you have for the president?
Environmental System
The complex network of interacting biotic and abiotic elements in a specific area, which can include ecosystems, human-made environments, and their components.
Cognitive Ability
The capacity to perform mental processes such as thinking, reasoning, and problem-solving.
Environment
The sum of all external conditions and influences affecting the life and development of organisms, including natural and built surroundings.
Ethological Orientation
An approach in psychology that emphasizes the study of behavior in its natural context, often with a focus on animal behaviors and their evolutionary significance.
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