A Seven-Step Process for Monitoring and Improving the U

question 2

Multiple Choice

A seven-step process for monitoring and improving the U.S. food supply that is being implemented in many food and food service companies is:

• A) Food quality initiative
• B) Fight Bac!
• C) Hazard Analysis and Critical Control Point system
• D) ISO 9000
• E) USDA food safety program

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Definitions:

Present Value

The present value of a future amount of money or series of cash flows, based on a particular rate of return.

Future Cash Inflows

Projected cash earnings from investments, operations, or financial instruments over a specified future period.

Net Present Value

A method of evaluating the profitability of an investment by calculating the difference between the present value of cash inflows and outflows over a period of time.

Present Value

The value today of an anticipated sum of money or sequence of cash flows, when calculated with a certain return rate.