Suppose That the Introduction of a Preventive Maintenance Program Is

question 38

Multiple Choice

Suppose that the introduction of a preventive maintenance program is deemed cost effective. Which of the following is most likely true if the cost to actually perform preventive maintenance is very expensive?

• A) high standard deviation in MTBF
• B) low standard deviation in MTBF
• C) low Cost to Repair
• D) repairs carry little non-monetary consequences
• E) the system never fails

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Definitions:

Rescindable

Refers to a contract or deal that can be legally canceled or revoked.

Voidable

A contract or act that is voidable can be legally declared invalid by one of the parties involved, often due to reasons such as fraud or coercion.

Implied-In-Law

A legal term referring to rights or obligations that are enforced by a court, not because of an agreement or contract, but to avoid injustice.

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.