Use the Information for the Question(s)below

question 57

Multiple Choice

Use the information for the question(s) below.
You are in the process of purchasing a new automobile that will cost you $27,500.The dealership is offering you either a $2500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month) .You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months.
-If you take the $2500 rebate and finance your new car through your credit union your monthly payments will be closest to:

• A)$520.
• B)$573.
• C)$593.
• D)$799.

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Definitions:

Benchmarking

Process of determining how well other companies perform business functions or tasks.

Quality Control

Measuring output against established quality standards.

Manufacturing Resource Planning

Manufacturing Resource Planning (MRP II) is an integrated method for effective planning of all resources of a manufacturing company.

Production Control

A business function that involves managing and directing the production process, ensuring products are produced efficiently, at the right quality, quantity, and cost.