a) Some academic scholar believed that 'Net Present Value is the best investment appraisal techniques.

Required:

Critically discuss the above statement with reference to academic literature. In the discussion, you should also refer to the investment appraisal techniques you learned in this module.

(10 Marks)

b) 'Manufacturing changes are always accompanied by cost changes especially when production environments become more flexible.'

Required:

Critically discuss the above statement with reference to academic literature.(15 Marks)