The First Time the OBD-II System Monitor Detects a Fault

question 51

Essay

The first time the OBD-II system monitor detects a fault in the system, a ___________________ DTC is set. This will not cause the MIL light to illuminate and will self-erase if the monitor passes on the next trip.

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Definitions:

Internal Rate

Short for Internal Rate of Return (IRR), a financial metric used to estimate the profitability of potential investments by calculating the rate of return at which net present value of all cash flows (both positive and negative) from a project equals zero.

Profitability Index

A capital budgeting tool that measures the ratio of the present value of future cash flows from an investment to the investment's initial cost.

Mutually Exclusive

Situations or events that cannot both occur at the same time.

Net Present Value

A financial metric that calculates the present value of all cash flows, both incoming and outgoing, of an investment.