Discounting Is​ 1) the Determination of Present Value

question 28

Multiple Choice

Discounting is​
1) the determination of present value
2) the determination of future value
3) expressing the present in the future
4) expressing the future in the present

• A)​1 and 3
• B)​1 and 4
• C)​2 and 3
• D)​2 and 4

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Definitions:

PLM

Product Lifecycle Management, a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate disposal.

CIM

Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.

MRP

Material Requirements Planning; a system for efficiently managing manufacturing processes, including inventory control, production planning, and scheduling.

TPS

Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the data transactions of an enterprise.