The Terms, "General Purpose Equipment," "Flexible and Capable of Customizing

question 85

Multiple Choice

The terms, "general purpose equipment," "flexible and capable of customizing work" and "wide variety of goods or services" best relate to

• A)Projects
• B)Job shops
• C)Flow shop processes
• D)Continuous flow processes

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment, accounting for the time value of money.

Payback

A capital budgeting method that calculates the time needed to recoup the cost of an investment, based on its expected cash flows.

Market Rate

The current price at which an asset or service can be bought or sold in the marketplace.

Present Value

The amount of money that, if invested today, would grow to a designated future amount. Discounted value of future cash flows.