The Use of Product Development Teams in Design and Engineering

question 51

Multiple Choice

The use of product development teams in design and engineering activities is also known as

• A) the Japanese approach
• B) concurrent engineering
• C) QFD
• D) the traditional U.S. approach
• E) none of the above

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Definitions:

Watered Stock

Stock that is issued to individuals below its fair market value.

Fair Market Value

The price a willing buyer would pay a willing seller in a transaction where both parties have reasonable knowledge of the relevant facts and neither is under compulsion to act.

No-Par Stock

Shares issued without a nominal or face value, where the value is determined by the price investors are willing to pay.

Less-Value Stock

Stock that is currently trading for less than the perceived value of the company, potentially indicating an undervalued investment opportunity.