A Company Using a Weighted-Criteria Evaluation System Has Established These

question 19

Multiple Choice

A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30) ,Delivery(0.40) ,Cost(0.30) .
The scores for each category are shown below.Which of the following companies has the highest total score?

• A)Company A: Quality(90),Delivery(80),Cost(60)
• B)Company C: Quality(70),Delivery(95),Cost(60)
• C)Company B: Quality(70),Delivery(80),Cost(80)
• D)All companies scored the same.

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Definitions:

Payee Name

The name of the individual or entity entitled to receive payment as indicated on a financial instrument, like a check or wire transfer.

Financial Services Modernization Act

Legislation enacted in 1999, also known as the Gramm-Leach-Bliley Act, which allowed integration among banks, securities companies, and insurance companies.

Customer Privacy

The protection of personal information shared by customers with businesses, ensuring that it is not misused or disclosed without consent.

Financial Institutions

Organizations such as banks and credit unions that provide financial services including deposits, loans, and investments.