XYZ Incorporated Has Developed a Concept for a New Kind

question 39

Multiple Choice

XYZ Incorporated has developed a concept for a new kind of lathe machine.The improvement is a highly technical one, and although the operation of the lathe will remain as it is now, its reliability and energy consumption will improve.To test the concept, it should be exposed to 1-the production engineers of potential industrial buyers. 2-the quality control managers of potential industrial buyers. 3-workers on the shop floor, since they will be using the new lathe.

• A)1
• B)2
• C)3
• D)1 and 2
• E)1, 2, and 3

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Definitions:

Effective Rate

The interest rate on a loan or financial product that reflects the compounding periods in a year, presenting a true annual rate of return.

Effective Rate

The interest rate for a loan or financial product recalculated from its nominal rate to represent an annual compound interest rate, paid in arrears.

Nominal Interest

The stated interest rate of a bond or loan, not accounting for inflation or the compounding of interest.

Compounded Quarterly

Interest calculation where the interest earned over a quarter is added to the principal for the calculation of future interest, effectively compounding every three months.