Which of the Following Statements Is Correct Concerning Concurrent Engineering

question 12

Multiple Choice

Which of the following statements is correct concerning concurrent engineering?

• A) Marketing, engineering, and operations must put forth equal effort across the product development timeline.
• B) A concurrent approach is like a relay race, with hand-offs from marketing to engineering, to operations.
• C) Projects with high uncertainty may not be appropriate for concurrent approaches.
• D) Concurrent engineering avoids the need for a cross-functional team.

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Definitions:

Scenario Analysis

A business planning technique in which the implications of variations in planning assumptions are explored. Also known as “what-if-ing.”

Abandonment Option

A financial decision allowing companies to cease a project or investment to avoid further losses.

NPV

Net Present Value; a calculation used to assess the profitability of an investment, considering the present value of its cash flows.

Variances

Differences between planned financial outcomes and actual results, used in budgeting and financial management to analyze performance.