Quality of Conformance Refers To

question 76

Multiple Choice

Quality of conformance refers to:

• A) the degree to which the product meets its design specifications.
• B) the extent to which the actual product is designed for its intended use.
• C) an ideal that can never be attained.
• D) a cost control that is achievable.

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Definitions:

Salvage Value

The assessed salvage value of an asset at the close of its lifespan.

Pretax Return

The income earned by a company before taxes are deducted.

Internal Rate Of Return

The discount rate at which the net present value of an investment project is zero; the rate of return of a project over its useful life.

Cash Inflow

The total amount of money being received by a company, often from its main activities such as sales of goods or services.