Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?
A) These methods are often used together to ensure financial and non-financial factors are both considered.
B) Financial methods are preferred because they ensure alignment with the organization's strategic goals.
C) Scoring models are unreliable because they fail to consider financial factors.
D) One of these techniques is typically used to the exclusion of the other, due to time demands.

Question

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?​ 
A) These methods are often used together to ensure financial and non-financial factors are both considered. 
B) Financial methods are preferred because they ensure alignment with the organization's strategic goals. 
C) Scoring models are unreliable because they fail to consider financial factors. 
D) One of these techniques is typically used to the exclusion of the other, due to time demands.

Quizplus · Accepted Answer

The contemporary use of financial models and scoring models for project selection often involves using both methods in combination to ensure that financial as well as non-financial factors are taken into account. This approach helps to ensure that project selection decisions are well-rounded and aligned with organizational objectives. Financial models are valuable for understanding the economic impact of specific projects, while scoring models help to evaluate projects against a broader range of criteria such as strategic fit, resource requirements, and risk.

Which of the Following Statements Best Describes the Contemporary Use