A Simple Scoring Model for Project Evaluation Requires

question 22

Multiple Choice

A simple scoring model for project evaluation requires:

• A)Importance weights from 1 to 10 assigned to each criterion.
• B)Score values assigned to each criterion in terms of its rating.
• C)A division of weights by scores to arrive at a standardized score for each criterion.
• D)A summation for each criterion to achieve an overall criterion score.

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Definitions:

Bundle

A set of goods or services sold together as a single package.

Revealed Preferences

An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.

Francs

A currency unit formerly used in France and some other countries, and still used in some territories.

Consumption

The process of using goods and services to satisfy wants or needs.