The Degree to Which a Product Meets Preestablished Standards Is

question 41

Multiple Choice

The degree to which a product meets preestablished standards is known as

• A)conformance
• B)performance
• C)reliability
• D)none of the above

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Expected Income Stream

The anticipated series of payments or revenues over a specified period.

Investment Project

A project involving the allocation of capital with the intention of generating future returns.

Expected Rate Of Return

The profit or loss an investor anticipates on an investment, stated as a percentage of the initial investment.