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NEW QUESTION: 1
The systematic use of techniques that identify a required function, establish a value for that function, and finally provide that function at the lowest overall cost, is known as:
A. Specification analysis
B. Value analysis
C. Quality analysis
D. Functional analysis
Answer: B

NEW QUESTION: 2

A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
Explanation:

NEW QUESTION: 3
A company wishes to appraise a potential project. One of the project's relevant cash flows is the receipt, expressed in money terms, of $20,000 per year for the first 5 years.
The company's real cost of capital is 5% per year and the expected rate of inflation is 3% per year.
What is the real value of the expected receipt in year 2?
Give your answer to the nearest $10.
Answer:
Explanation:
$18850

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