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:

Goodwill

An intangible asset that represents the excess value of a company over the fair value of its identifiable assets and liabilities, often arising from acquisitions.

Impairment

A decrease in the recoverable value of an asset to below its carrying amount on the balance sheet, leading to a written down value.

Share Capital

The funds raised by a company through the issuance of shares to investors.

Deferred Tax Liability

A tax obligation that a company owes but does not have to pay until a future date, usually resulting from differences in accounting methods for tax and financial reporting purposes.