Question 1

Testing and adjusting manufacturing equipment is a prevention cost.

Accepted Answer

A) True 
 B)False  True

Question 2

Management can decide where to concentrate its quality prevention dollars using

Accepted Answer

A) statistical process control charts. 
B) just-in-time inventory systems. 
C) a feedback loop. 
D) Pareto analysis. 
A) statistical process control charts. 
B) just-in-time inventory systems. 
C) a feedback loop. 
D) Pareto analysis. D

Question 3

Lawn Solutions,Inc.
Lawn Solutions,Inc.has just finished its first year of business.Lawn Solutions,Inc.makes decorative outdoor furniture.The firm manufactured 2,500 pieces of furniture during the year: 2,400 were sold at garden centers for $456,000; 100 pieces were defective and could only be sold as scrap metal (25 pounds each and can be sold for $2.50 per pound).No defective units could be reworked.During the year the following costs were incurred:
   Refer to Lawn Solutions,Inc.Compute the total quality cost incurred by the company during the first year of operations.

Accepted Answer

The answer of Lawn Solutions,Inc.
Lawn Solutions,Inc.has just finished its first...

Question 4

Inspection of incoming inventory is a value-adding activity.

Accepted Answer

A) True 
 B)False

Question 5

Grade refers to a product meeting the highest number of a customer's needs at the lowest possible cost.

Accepted Answer

A) True 
 B)False

Question 6

Benchmarking against direct competitors creates the risk of

Accepted Answer

A) creating products or services with identical specifications. 
B) becoming stagnant relative to process improvements. 
C) being taken over by the competitors to prevent a loss of ideas. 
D) all of the above. 
A) creating products or services with identical specifications. 
B) becoming stagnant relative to process improvements. 
C) being taken over by the competitors to prevent a loss of ideas. 
D) all of the above.

Question 7

Benchmarking

Accepted Answer

A) yes no 
B) no yes 
C) yes yes 
D) no no 
A) yes no 
B) no yes 
C) yes yes 
D) no no

Question 8

Quality control places the primary responsibility for product or service quality on the provider.

Accepted Answer

A) True 
 B)False

Question 9

Process benchmarking is concerned with how top-ranked companies achieve their results.

Accepted Answer

A) True 
 B)False

Question 10

Storage of unneeded inventory is a non-value added item.

Accepted Answer

A) True 
 B)False

Question 11

A process in which an end product or service is examined using reverse engineering is referred to as ___________________________________.

Accepted Answer

results be

Question 12

Mistakes not eliminated by prevention costs may cause

Accepted Answer

A) no no 
B) no yes 
C) yes no 
D) yes yes 
A) no no 
B) no yes 
C) yes no 
D) yes yes

Question 13

The two costs of compliance are ______________________________ and ______________________________.

Accepted Answer

prevention

Question 14

Value reflects the ability of a product to

Accepted Answer

A) provide the best quality at any price. 
B) have all possible product and service characteristics. 
C) meet the majority of a customer's needs at the lowest possible price. 
D) have the longest technical or service life and the best warranty. 
A) provide the best quality at any price. 
B) have all possible product and service characteristics. 
C) meet the majority of a customer's needs at the lowest possible price. 
D) have the longest technical or service life and the best warranty.

Question 15

Results benchmarking creates the risk for a company to become stagnant.

Accepted Answer

A) True 
 B)False

Question 16

A total quality system should be designed to promote a reorientation of thinking from an emphasis on

Accepted Answer

A) internal quality improvements to an emphasis on external benchmarking. 
B) the planning process to an emphasis on the performance evaluation process. 
C) inspection to an emphasis on prevention. 
D) process benchmarking to an emphasis on results benchmarking. 
A) internal quality improvements to an emphasis on external benchmarking. 
B) the planning process to an emphasis on the performance evaluation process. 
C) inspection to an emphasis on prevention. 
D) process benchmarking to an emphasis on results benchmarking.

Question 17

A benchmarking process that is non-industry specific and focuses on how companies compete is referred to as ___________________________________.

Accepted Answer

strategic

Question 18

Costs incurred to correct defects in products prior to shipment are referred to as ________________________________________.

Accepted Answer

internal f

Question 19

The quantity of good output generated from a specific of output during a time period is referred to as ____________________.

Accepted Answer

The answer of The quantity of good output generated from...

Question 20

Productivity is measured by the quantity of good output generated from a specific amount of input during a time period.

Accepted Answer

A) True 
 B)False

Testing and adjusting manufacturing equipment is a prevention cost.

Management can decide where to concentrate its quality prevention dollars using

Inspection of incoming inventory is a value-adding activity.

Grade refers to a product meeting the highest number of a customer's needs at the lowest possible cost.

Benchmarking against direct competitors creates the risk of

Benchmarking

Quality control places the primary responsibility for product or service quality on the provider.

Process benchmarking is concerned with how top-ranked companies achieve their results.

Storage of unneeded inventory is a non-value added item.

A process in which an end product or service is examined using reverse engineering is referred to as ___________________________________.

Mistakes not eliminated by prevention costs may cause

The two costs of compliance are and .

Value reflects the ability of a product to

Results benchmarking creates the risk for a company to become stagnant.

A total quality system should be designed to promote a reorientation of thinking from an emphasis on

A benchmarking process that is non-industry specific and focuses on how companies compete is referred to as ___________________________________.

Costs incurred to correct defects in products prior to shipment are referred to as ________________________________________.

The quantity of good output generated from a specific of output during a time period is referred to as ____________________.

Productivity is measured by the quantity of good output generated from a specific amount of input during a time period.

Introduction to Cost Accounting

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Inventory and Production Management

Emerging Management Practices

Filters

Exam 17: Implementing Quality Concepts

Testing and adjusting manufacturing equipment is a prevention cost.

Management can decide where to concentrate its quality prevention dollars using

Inspection of incoming inventory is a value-adding activity.

Grade refers to a product meeting the highest number of a customer's needs at the lowest possible cost.

Benchmarking against direct competitors creates the risk of

Benchmarking

Quality control places the primary responsibility for product or service quality on the provider.

Process benchmarking is concerned with how top-ranked companies achieve their results.

Storage of unneeded inventory is a non-value added item.

A process in which an end product or service is examined using reverse engineering is referred to as ___________________________________.

Mistakes not eliminated by prevention costs may cause

The two costs of compliance are ______________________________ and ______________________________.

Value reflects the ability of a product to

Results benchmarking creates the risk for a company to become stagnant.

A total quality system should be designed to promote a reorientation of thinking from an emphasis on

A benchmarking process that is non-industry specific and focuses on how companies compete is referred to as ___________________________________.

Costs incurred to correct defects in products prior to shipment are referred to as ________________________________________.

The quantity of good output generated from a specific of output during a time period is referred to as ____________________.

Productivity is measured by the quantity of good output generated from a specific amount of input during a time period.

Introduction to Cost Accounting

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Inventory and Production Management

Emerging Management Practices

Filters

The two costs of compliance are and .