Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other
What will be an ideal response?
Project selection models come in two general classes: numeric and non-numeric. Numeric models seek to use numbers for the decision process involved in selecting projects. These values can either be derived objectively or subjectively. Non-numeric models do not employ numbers at decision inputs, relying instead on other data. Each technique has its own merits and may be employed successfully, and a choice between the two should be tempered by the adage GIGO. If a numeric model uses objective, external values that are "correct," then a decision maker can have a high degree of confidence that the values under study will lead to a reasonable decision. A non-numeric model might appeal to decision makers that have less of a quantitative bent or those that operate in a less quantifiable decision arena.
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Indicate whether the statement is true or false
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A. Export and import agents are basically selling agents who specialize in international trade. B. Manufacturers' agents can call on international customers at no cost to the producer until something sells. C. Export and import brokers bring together buyers and sellers from different countries. D. Agent wholesalers are common in international trade. E. Agent wholesalers based in a foreign market can be helpful in working through government red tape because they know the local business customs.
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A. influencer B. persuasive C. reminder D. reseller E. informative