Melissa, a New Employee at Epic Electronics, Is Required to Perform

question 137

Multiple Choice

Melissa, a new employee at Epic Electronics, is required to perform a variety of bookkeeping and clerical tasks at a workstation. Epic has training software on its workstations that can answer many of the questions she has about what to do on her new job, and how to do it. The software is so good that she rarely asks her supervisor for help. It even tracks the way Melissa performs certain tasks, and offers suggestions to improve her productivity. This software is an example of

• A) the use of a technique called computer aided production (CAP) that is becoming increasingly important in high-tech industries.
• B) the trend toward telecommuting.
• C) the way businesses are using knowledge technology to move relevant information to the people who need it.
• D) why mainframe computer systems are more efficient than network computer systems.

Understand the principles and applications of the Net Present Value (NPV) and Equivalent Annual Annuity (EAA) method for evaluating projects.

Identify and explain the limitations and advantages of the replacement chain method in capital budgeting.

Calculate and interpret the Internal Rate of Return (IRR), NPV, and Profitability Index (PI) for different projects.

Analyze cash flow projections to determine the viability of projects through various capital budgeting techniques.

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Definitions:

USPTO

The United States Patent and Trademark Office, responsible for issuing patents and registering trademarks.

Reexamine

The process of reviewing or inspecting something again with the possibility of drawing new conclusions.

Prior Art

Information that has been made public in any form before a given date that might be relevant to a patent's claims of novelty and originality.

Reexamination Request

A request filed with a patent office for the review of an already issued patent in order to verify the patent's novelty and non-obviousness, often based on newly discovered prior art.