If You Buy a Terminal with an MTBF of 4000

question 12

True/False

If you buy a terminal with an MTBF of 4000 hours,and you plan to use it for four hours a day for 20 days a month,then you would expect it to fail once every five months.

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Definitions:

Provision For Inventories

An accounting practice where a reserve is made for potential decreases in the value of a company’s inventory.

Inventories Losses

Reductions in the amount or value of inventories due to factors such as deterioration, obsolescence, or theft, resulting in financial loss.

Lower Of Cost

An accounting principle requiring that the inventory is recorded at the lower of its cost or the current market value.

Net Realisable Value

The estimated selling price of goods, minus the costs of their completion and the costs needed to make the sale.