You Are Considering the Purchase of a New Machine

question 41

Multiple Choice

You are considering the purchase of a new machine.Your analysis includes the evaluation of two machines which have differing initial and ongoing costs and differing lives.Whichever machine is purchased will be replaced at the end of its useful life.You should select the machine which has the:

• A)longest life.
• B)highest annual operating cost.
• C)lowest annual operating cost.
• D)highest equivalent annual cost.
• E)lowest equivalent annual cost.

Recognize the impact of service branding on consumer perception and the introduction of new services.

Appreciate the intangible nature of services and its implications on pricing and consumer perception of quality.

Understand the legal definition and characteristics of negotiable instruments under the Bills of Exchange Act.

Recognize the liability shift from the drawer to the financial institution once a cheque is certified, in the absence of defects.

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Definitions:

Third Wave

A term often associated with societal shifts or technological advancements, reflecting transformative changes in culture or industry.

Fourth Wave

This term is often used to denote the latest phase or generation in a particular sequence of technological or societal developments.

Social Innovations

Social innovations are new strategies, concepts, ideas, and organizations that meet social needs of all kinds, from working conditions and education to community development and health, extending and strengthening civil society.

Alvin Toffler

An American writer and futurist known for his works discussing modern technologies, including the digital and the communication revolution, and their effects on culture, society, and the economy.