​Why Is It Important to Have a Drawing Be Accurate

question 41

Multiple Choice

​Why is it important to have a drawing be accurate?

• A) ​So that when a dimension is missing you can measure the drawing with a rule to get the missing dimension.
• B) ​So you can see missing parts easier.
• C) ​Engineers that have to approve the project when it is built can measure the part and measure the drawing to see that you built the part correctly.
• D) ​So that parts will fit together properly.

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Definitions:

Replacement Cost

The cost to replace an asset with another of similar function and quality at current prices.

Net Realizable Value

The estimated selling price of goods, minus the estimated cost of completion and any costs necessary to make the sale.

Retained Earnings

Profits that a company keeps or retains rather than distributing to shareholders as dividends, often used for reinvestment.

Overstated

The description of financial statements or figures that have been reported at amounts higher than is factual or realistic.