Study Questions - Repair Facilities 1. What does it mean when a technician is ASE certified?

What are AAA Approved Auto Repair facility characteristics?

3. What are examples of an ASE technician's Code of Ethics?

4. What is the purpose of the Better Business Bureau?

5. What are different types of service facilities?

6. What is the difference between an estimate and a repair invoice?

7. What types of warranties are available on new vehicles?

8. Why might a chain warranty be better than an independent repair facility warranty?

9. What does it mean when a warranty is pro-rated?

10. Why do some repair facilities offer community education programs?

An external consultant recommends that a plant installs a bank of capacitors for power factor correction. this will reduce the peak electrical demand charges by an average of 93 kw every month. the plant current pays $13 per kw in peak demand charges. the capacitor bank will include 223 kw of fixed capacitors, and 183 of variable capacitors. the fixed capacitors cost $59 per kw, and the variable capacitors will cost $65 per kw. the consultant charges 21% of the equipment costs to install the capacitors. because this project will reduce the demand for the electric utility, they are prepared to provide a one-time rebate of $42 per kw of reduced demand. what is the simple payback period for this project (in years)?