Attempting to Determine When Preventive Maintenance Activities Should Be Performed

question 21

Multiple Choice

Attempting to determine when preventive maintenance activities should be performed is called:

• A) breakdown maintenance.
• B) forecastive maintenance.
• C) preventive maintenance.
• D) predictive maintenancE.
• E) corrective maintenance.

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Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors hold true.

Cost Behaviour

The manner in which a cost changes as the related activity level changes, classified into fixed, variable, and mixed costs.

Cost Report

A detailed financial document that outlines the actual costs incurred during a project or for business operations over a defined period, often used for tracking and controlling expenditures.

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors are valid.