A small manufacturer is considering several locations for a new facility.They have identified four factors that they consider to be important for their location decision.They have decided to assign scores to the four factors,with a higher score indicating a more favorable location.Use the information in the following table to perform a factor rating to select the best location.
Definitions:
Negotiable Instrument
A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.
Promissory Note
A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.
Maker
The individual or entity that creates or signs a promissory note, thereby agreeing to pay the note's value at maturity.
Certified Check
A type of check for which the issuing bank guarantees the availability of funds by verifying and setting aside the check amount.
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