________ Is an Approach to Cost Reduction in Which Components

question 44

Multiple Choice

________ is an approach to cost reduction in which components are studied carefully to determine if they can be redesigned, standardized, or made by less costly methods of production.

• A) Proposal solicitation
• B) General needs description
• C) Order-routine specification
• D) Cost-benefit analysis
• E) Product value analysis

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Definitions:

Treasury Bill

Short-term U.S. government debt obligations backed by the Treasury Department with a maturity of less than one year.

Par Value

The face value of a bond or the stock value stated in the corporate charter, often used in legal documents.

Effective Annual Yield

Effective annual yield is the return on an investment expressed as an annualized rate, accounting for compounding over a period, providing a more accurate measure of profitability.