Quality in Just-In-Time Is Centered on Building Quality into the

question 66

Multiple Choice

Quality in just-in-time is centered on building quality into the

• A) Product
• B) Maintenance of equipment
• C) Process
• D) Distribution system
• E) Workforce

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Definitions:

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows, used in capital budgeting to assess the profitability of an investment.

Profitability Index

A capital budgeting tool used to measure the relative profitability of an investment, calculated by dividing the present value of future cash flows by the initial investment cost.

Accounting Rate

The accounting rate, or rate of return, measures the profitability of investments or projects, expressed as a percentage.

Discounted Cash Flows

A valuation method used to estimate the value of an investment based on its expected future cash flows, adjusted for time value of money.