Use the Following to Answer the Questions Below

question 103

Multiple Choice

Use the following to answer the questions below.
The Burdell Wheel and Tire Company has completed a total cost analysis for two suppliers of tires to support their business.They also consider delivery speed,consistent quality and environmental sensitivity in their selection process.Each criterion is given a weight (total = 100 points) ,and each supplier is scored on each criterion (1 = poor,10 = excellent) .The data are shown in the following table.

-Refer to the instruction above.Using the preference matrix approach for selecting suppliers,what is Lexington Tire's total weighted score?

• A)570
• B)100
• C)23
• D)605

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Definitions:

Economic Entities

Organizations or individuals engaged in economic activities, recognized as separate units for accounting and financial reporting.

Revenues

Revenues are the total amount of money generated by the sale of goods or services related to a company's primary operations.

Expenses

The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.