A company is about to select a vendor for the outsourcing of all of its engineering, environmental, and CAD requirements. It has identified four criteria critical to the selection. These criteria, and their importance weights, appear below
Three firms, A, C, and E, have indicated that they are interested in this position. The company has scored each of the three candidates on these criteria, using a 1-10 scale, where 10 is best. Candidate A scored 7, 7, 7, and 5, respectively, on the four criteria. Candidate C scored 9, 4, 8, and 6. Candidate E scored 5, 10, 10, and 7. Which vendor has the highest composite score?
Criterion Weight
Engineering expertise .40
Financial and managerial strength .20
Integrity .15
Staff experience and qualifications .25
Company E has the highest composite score of 7.25
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A career in private accounting indicates:
A. Working undercover for an organization such as the Federal Bureau of Investigation (FBI). B. Providing accounting services to the company that employs you. C. Being employed by one of the "Big 4" accounting firms. D. All of the other answer choices are correct statements.
An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that:
A. responsibility for the adequacy of the procedures performed is taken by the accountant. B. the prospective financial statements also are examined. C. negative assurance is expressed on the prospective financial statements taken as a whole. D. distribution of the report is restricted to the specified users involved.
Mel agrees to work as a freight broker for National Shipping Inc. In determining whether a contract has been formed, an element of prime importance is the parties’
A. intent. B. character. C. subjective beliefs. D. motives.
The early signs of bankruptcy include all of the following except:
A. suppliers demand payment in cash. B. payroll taxes are not paid. C. key personnel leave the company. D. All of these are early signs of bankruptcy.