The Simple Scoring Model Has This Advantage Over a Checklist

question 60

Multiple Choice

The simple scoring model has this advantage over a checklist model for screening projects.

• A)Scaling from 1 to 5 is extremely accurate.
• B)Scaling models ensure a reasonable link between the selected and weighted criteria and the business objectives that motivated their selection.
• C)Scaling models allow decision makers to treat one criterion as more important than another.
• D)Scaling models have been proven to make correct decisions better than 95% of the time while checklists only achieve 80% accuracy.

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Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.

Balance

The difference between total debits and credits in an account, or the remaining amount of money or value.

Beyond Budgeting Model

A management approach that operates without traditional budgeting, focusing on flexible and adaptive management processes.

Performance Targets

Predefined goals set by a company to measure and assess the efficiency, productivity, and success of its activities.