What Can Be Done If a Number of Parts Are

question 44

Multiple Choice

What can be done if a number of parts are made within tolerance so that the parts' overall finished size will be within its tolerance?

• A) Make the part a little smaller so that the parts can be used.
• B) Adjust the weld joint fit up within its tolerance to compensate for the parts' tolerance.
• C) Change the design to allow the parts to be used so that the cost of new parts can be avoided.
• D) Discard the parts and start the project over with new more accurately cut parts.

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Definitions:

Capital Investment Analysis

The process of assessing the profitability and risk of potential investment opportunities involving capital expenditures.

Depreciation

Allocating the value of a tangible asset over the period it is expected to be used, in a systematic manner.

Fixed Asset

A long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.

Useful Life

The estimated period over which an asset is expected to be usable by an organization, affecting its depreciation calculation.