Smith Industries Is Considering Replacing a Machine That Is Presently

question 144

Multiple Choice

Smith Industries is considering replacing a machine that is presently used in its production process. The following information is available: $\begin{array}{|l|r|r|}\hline & \text { Old Machine } & \begin{array} { l } \text { Replacement } \\\text { Machine }\end{array} \\\hline \text { Original cost } & \$ 45,000 & \$ 35,000 \\\hline \text { Remaining useful life in years } & 5 & 5 \\\hline \text { Current age in years } & 5 & 0 \\\hline \text { Book value } & \$ 25,000 & \\\hline \text { Current disposal value in cash } & \$ 8,000 & \\\hline \text { Future disposal value in cash (in 5 years) } & \$ 0 & \$ 0 \\\hline \text { Annual cash operating costs } & \$ 7,000 & \$ 4,000 \\\hline\end{array}$ Which of the information provided in the table is irrelevant to the replacement decision?

• A) the price of the new machine
• B) the original cost of the old machine
• C) the current disposal value of the old machine
• D) annual operating costs

Acknowledge the complexities involved in managing workplace safety due to delayed onset of industrial diseases.

Identify the impact of workplace stressors, both acute and chronic, on employee health and job performance.

Evaluate the significance of a shared responsibility model in workplace safety.

Understand the role of safety climate in promoting safety knowledge and motivation among employees.

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Definitions:

Distributive Bargaining Strategies

Negotiation tactics focused on dividing a fixed amount of resources, often resulting in a win-lose scenario.

Commitment

A pledge or promise to do something, often involving dedication and resolve to follow through on decisions or plans despite potential obstacles.

Portfolio of Options

A range of different strategies, actions, or solutions that are available or considered in decision-making processes.

Hardball Tactics

Aggressive negotiation strategies focusing on gaining an advantage at the possible expense of damaging relationships.