Write the Word or Phrase That Best Completes Each Statement

question 247

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Niyas is starting a college fund for his 4-year old daughter. He will invest money in a
savings account and the money will remain in the account for at least 15 years. The bank
told him that an account offering an APR of 7% compounded annually was a better deal
than an account offering simple interest at 8% per year.

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Definitions:

Root-Cause

The fundamental reason for the occurrence of a problem or event.

Cost Drivers

Factors or activities that have a direct impact on the cost of a product or service, influencing how much resources are used and the overall cost incurred.

Plant Layout

The arrangement of machinery, equipment, and facilities within a factory or workshop, optimizing the efficiency of operations, workflows, and safety.

Non-Value-Added Activities

Tasks or processes that consume resources but do not add direct value or enhance the product or service from the customer's perspective.