Discuss about preference matrix approach


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Q: Jane, a senior at GWU, is facing three job offers and must determine which offer to accept. You decide to help her by applying the preference matrix method to her problem. You begin by asking her for a list of criteria that she finds important with accepting a jb. Her top four criteria arc: salary, interest of work, quality of life, and nearness to family. Next, you ask her to weight each criterion. She establishes the following weights: 0.5,0.25, 0.15, and 0.1. (These weights arc listed in the same order as her criteria stated above, so a high starting salary is the most important objective with a weight of 50%, followed by interest of work, quality of life, and nearness to family.) Next you tell Jane to score each job on each objective, using a 10 point scale with 10 being the west. The following table reveals Jane's scores. Using the data in the table along with the preference matrix approach, which job would you recommend that Jane accept?

 

Salary

Interest of Work

 

Quality of Lifc

Nearness to Family

Job I

9

4

 

2

6

Job 2

8

1           7

 

8

7

Job 3

6

I            9

1

6

4

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Accounting Basics: Discuss about preference matrix approach
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