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Assume That a Decision Maker Has to Make a Choice [.3.5.2]\left[ \begin{array} { l } .3 \\.5 \\.2\end{array} \right]

question 86

Multiple Choice

Assume that a decision maker has to make a choice between three types of cars. Chevy, Honda, and Ford. Based on three criteria: comfort, MPG, and style.
The row averages for criteria is summarized in the following column vector: [.3.5.2]\left[ \begin{array} { l } .3 \\.5 \\.2\end{array} \right]
The first row of the following matrix represents Chevy, the second row represents Honda, and the third row represents Ford.
The preference matrix for the three types of cars is given as follows: [.5.2.2.3.7.2.2.1.6]\left[ \begin{array} { l l l } .5 & .2 & .2 \\.3 & .7 & .2 \\.2 & .1 & .6\end{array} \right]
Compute the overall score for each decision alternative (car) . Which choice does the decision maker prefer?


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Liability Accounts

Accounts on a company's balance sheet that represent what it owes to others, such as loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Trial Balance

A financial report that lists all the active accounts and their balances at a certain point in time, used to verify the equality of debits and credits in the accounting system.

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Accountant & Taxes

The area of finance that involves the management of tax-related activities and compliance, overseen by accounting professionals.

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