Which of the Following Statements Is True of Product Lifecycle

question 25

Multiple Choice

Which of the following statements is true of product lifecycle management (PLM) software?

• A) It distributes data only to the employees of an organization.
• B) It provides documents required for FDA and environmental compliance.
• C) It secures data so that changes cannot be made early in the product design process.
• D) It is frequently employed by non-manufacturing organizations.

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Cost Recovery

The process of recuperating the expenses incurred on an asset through depreciation deductions or when the asset is sold.

Profitability Index

A financial metric that measures the relative profitability of an investment by dividing the present value of future cash flows by the initial investment cost.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.