When a company needs to evaluate competing proposals for hardware or software acquisition:
A) Each evaluation factor is assigned an equal weight
B) Each evaluation factor is assigned a different number of points, depending on its importance to the company
C) The lowest bid is always the ultimate selection factor
D) Only three things matter: cost, performance, and support

Question

Quizplus · Accepted Answer

Assigning different weights to evaluation factors based on their importance to the company allows for a more comprehensive evaluation process. Simply selecting the lowest bid or only considering cost, performance, and support can result in overlooking important factors such as compatibility, scalability, and reliability.

When a Company Needs to Evaluate Competing Proposals for Hardware