What are the advantages and limitations of simple scoring models?
What will be an ideal response?
The simple scoring model has some useful advantages as a project selection device. First, it is easy to tie to critical strategic goals for the company and second, it is easy to comprehend and use. The major limitation of simple scoring models is that the scaling is not very accurate and is often treated as if ratios and difference in scoring levels have real meaning. Another drawback of these models is that they depend on the relevance of the selected criteria and the accuracy of weight given them.
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T-J Computer Company has developed a new and innovative magazine and television ad campaign that it would like to protect from use by its competitors. T-J may copyright its magazine and television ads
a. True b. False Indicate whether the statement is true or false
The accounting records of Omar Corporation contained the following information for last year: BeginningEndingDirect materials inventory$9,000 $7,000 Work in process inventory$17,000 $31,000 Finished goods inventory$10,000 $15,000 Manufacturing Costs IncurredDirect materials used$72,000Overhead applied$24,000Direct labor cost (10,000 hours)$80,000Depreciation$10,000Rent$12,000Taxes$8,000Unadjusted cost of goods sold (does not includeoverapplied or underapplied overhead)$157,000 Selling, General, andAdministrative Costs IncurredAdvertising$35,000 Rent$20,000 Clerical$25,000 The amount of direct material purchased during the year was:
A. $65,000 B. $66,000 C. $74,000 D. $70,000
ABC already spent $85,000 on a feasibility study for a machine that will produce a new product. The machine will cost $2,575,000. Required modifications will cost $375,000. ABC will need to invest $75,000 for additional inventory
The machine has an IRS approved useful life of 7 years; it is presumed to have no salvage value. It will only be operated for 3 years, after which it will be sold for $600,000. What is the total investment amount required for the project? A) $3,025,000 B) $2,950,000 C) $2,575,000 D) $2,350,000
One of the most important objectives of the purchasing function is the selection, development, and maintenance of suppliers, a process that is sometimes described as _____
a. supplier performance management b. category management c. customer service d. procure-to-pay e. maverick buying