Product Tolerances Are Often Called

question 117

Multiple Choice

Product tolerances are often called

• A) SPC
• B) Product drawings
• C) Product descriptions
• D) Process capability
• E) Product specifications

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Definitions:

Venture Capital

Money invested in a business by another business firm or group of individuals in exchange for an ownership share.

Commercial Paper

A short-term financial obligation without collateral, provided by companies typically to fund accounts receivable, stock, and to settle short-term debts.

Trade Credit

An arrangement where a supplier allows a customer to purchase goods or services and pay for them at a later date.

Factoring

Factoring is a financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.