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.

Recognize the role of boundary-spanning subsystems and their orientation in organizations.

Understand the chain of command and its terminology within organizational hierarchies.

Identify the dynamic interaction between an organization and its environment as a characteristic of an open system.

Acknowledge the significance of coordination, common purpose, division of labor, and hierarchy of authority in the existence of organizations.

---

Definitions:

Stockholders' Equity

Shareholders' equity in a corporation, which is the value of the assets that remains once all debts and obligations are deducted.

Revenues

The overall income received from selling products or services, which are essential to a firm's primary business.

Expenses

The money spent or costs incurred by a business in the process of earning revenue.

Common Stock

Common Stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.