Which of the Following Terms Is Correctly Described

question 59

Multiple Choice

Which of the following terms is correctly described?

• A)Lean manufacturing allows a company to achieve efficient levels of high-volume,low-cost production.
• B)Synchronous manufacturing reduces flexibility in responding to customer demand.
• C)Agile manufacturing refers to manufacturing in multiple locations.
• D)Distributed manufacturing refers to using different teams in the manufacturing process to maintain objectivity.

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Definitions:

Capital Asset

A long-term asset that is not purchased or sold in the normal course of business but is used to generate wealth through investment or appreciation.

Tax Rate

The percentage at which an individual or corporation is taxed; the tax liability as a percentage of annual income.

Terminal Value Assumptions

The assumptions made about the value of a business or project beyond the forecast period when estimating its future cash flows for valuation purposes.

Capital Budgeting

The process through which a company evaluates and selects long-term investments that are consistent with its goal of maximizing shareholder value.