The ________ Dimension of Quality Asks How Long a Product

question 1

Multiple Choice

The ________ dimension of quality asks how long a product can go between failures or the need for maintenance.

• A)warranty
• B)lifetime
• C)serviceability
• D)reliability

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Definitions:

Present Value

The present value of a future amount of money or series of cash flows using a predetermined rate of return.

Perpetuity

A financial term for a stream of cash payments that continue indefinitely.

Semi-Annually

A term indicating something occurs twice a year.

Endowment Fund

A financial asset, often in the form of a donation to institutions, where the principal remains intact and only the investment income is used.