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NOTE TO INSTRUCTOR: In constructing variations to the questions in this chapter, care should be taken in the selection of multiple choice responses. The responses used in the questions herein were carefully selected to avoid controversy. For instance in question 1 SMAW or FCAW were not used as responses because these processes are also widely used in plate girder manufacturing although the SAW process is the best selection for typifying this type of application. The text mentions only SAW for plate girder manufacturing and the other three choices offered in the quiz question 1 (RSW, RSEW, and TW) are clearly incorrect responses to this question. This caution is offered to avoid challenges by students who may be experienced welders and may question the correct answer to a multiple choice question if the responses are not carefully selected to avoid such controversy. The same caution is urged for other sample questions offered for this chapter.
-Which of the following types of welding employs an inert gas?
Fair Value
An estimated market value of an asset or liability based on current market prices or valuations of similar instruments.
Mortgage
A loan secured by real property, typically paid back with interest over a long period, used by individuals and businesses to purchase real estate.
Allowance Account
An account used in accounting to record reductions in the carrying amount of accounts receivable, due to potential or estimated uncollectible debts.
Net Realizable Value
The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.
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