Regardless of which selection method a firm uses,it should always:
A)be able to predict how much revenue will be returned to the firm each year.
B)know which project will ultimately succeed and which ones will fail.
C)be objective in their selection method.
D)use a weighted scoring technique.

Question

Quizplus · Accepted Answer

Regardless of the selection method, it is important for a firm to be objective in their approach. This helps ensure that each project is evaluated based on its merits and not based on personal biases or preferences. Using an objective selection method also helps to ensure fairness and transparency in the decision-making process. While other factors such as revenue and project success may be important considerations, they are not as critical as maintaining objectivity in the selection process. Weighted scoring techniques can also be useful, but they are not essential as long as an objective approach is used.

Regardless of Which Selection Method a Firm Uses,it Should Always