Combining Standardized Building Blocks in Different Ways to Create Unique

question 79

Multiple Choice

Combining standardized building blocks in different ways to create unique finished products is known as

• A)rapid prototyping.
• B)robust design.
• C)modular design.
• D)concurrent design.

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Definitions:

Accounts Payable

The amounts owed by a company to suppliers or creditors for goods and services received.

Cost of Goods Sold

Expenses directly tied to the production process of goods a company markets, including both materials and labor costs.

Accounts Receivable

The amount due from customers to a firm for the delivery of goods or services which remains unpaid.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including labor, materials, and manufacturing overhead.