Briefly describe how to conduct the factor weighting approach to supplier evaluation
What will be an ideal response?
The factor weighting technique simultaneously considers multiple supplier criteria. First a set of important selection criteria must be chosen. Then an importance weight must be assigned to each factor. These weights often sum to 100%. Then each potential supplier is scored on each selection criterion according to the same numerical scale (e.g., 1-10). Finally, each supplier's weighted total score equals the sum over all selection criteria of the product of that supplier's score multiplied by the importance weight for that criterion. The supplier with the highest total scored is deemed most attractive.
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What should a leader do in between meetings?
a. Allow their employees to work independently. b. Send reminders of upcoming work to be discussed at the next meeting. c. Take over a task that is not being completed in a timely manner. d. Allow workers to switch tasks if they think it will benefit the group.
The balanced scorecard management process starts with the Formulate step.
Answer the following statement true (T) or false (F)
The word "telephone" comes from the Greek "tele," meaning at a distance, and "phone," meaning signal. _________________________
Answer the following statement true (T) or false (F)
Which one of the following statements is TRUE?
A. Management is said to be entrenched when senior managers are unlikely to be fired. B. A company's matching contribution to a retirement plan is a nonpecuniary benefit. C. Company sponsorship of a local charity is an example of a nonpecuniary benefit. D. A manager/shareholder agency conflict arises when shareholders sell their stock even though management says the stock is undervalued. E. A manager/shareholder agency conflict arises when the board of directors pays a larger dividend than the firm's earnings could support.