Describe the PC Support Technician Role

question 20

Essay

Describe the PC support technician role.

Grasp the significance of opportunity costs in project evaluation.

Differentiate between the various types of costs related to capital budgeting such as sunk, opportunity, and financing costs.

Recognize the importance of incremental cash flows in the assessment of capital projects.

Identify factors that do not affect cash flow estimates directly, such as depreciation and financing costs.

---

Definitions:

Operation of Law

Legal changes or transfers that occur automatically due to established legal rules, rather than through actions by the parties involved.

Implied Warranties

Warranties not explicitly stated but are assumed in transactions, ensuring goods or services meet reasonable expectations of performance.

Due-on-sale Warranties

Clauses in a mortgage agreement that require the full loan balance to be repaid if the property is sold.

Express Warranties

Explicit guarantees made by a seller about the quality, safety, or performance of a product or service.