Allocating Weights to the Decision Criteria Is Unnecessary If

question 80

Multiple Choice

Allocating weights to the decision criteria is unnecessary if

• A)all criteria are relevant.
• B)all criteria are equally important.
• C)there are only two decision criteria.
• D)the decision is being made by an individual.
• E)a team is making the decision.

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Definitions:

Price of X

Denotes the amount of money required to purchase a specific good or service dubbed "X".

Price of Y

The amount of money required to purchase a specific quantity of product Y or service Y.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Net Increase

The overall rise in a particular number after all deductions or decreases have been considered.