Examlex
Discuss the importance of interchangeable parts for P/OM.
PI
A mathematical constant approximately equal to 3.14159, representing the ratio of a circle's circumference to its diameter; if the context is finance, PI could refer to Profitability Index, indicating the ratio of payoff to investment for a project.
Profitability Index
A financial tool that calculates the relationship between the costs and benefits of a project by dividing the present value of future cash flows by the initial investment.
Limited Funds
A condition where resources, especially money, are finite or restricted in availability.
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