Exam 17: Implementing Quality Concepts

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The profit lost by selling defective units not reworked is

(Multiple Choice)

4.8/5

(31)

Question 21

The two costs of noncompliance are _ and _.

(Essay)

4.8/5

(37)

Question 22

An appraisal cost is created by

(Multiple Choice)

4.8/5

(34)

Question 23

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The total rework cost is

(Multiple Choice)

4.8/5

(40)

Question 24

Discuss the concept of total quality management.

(Essay)

4.9/5

(32)

Question 25

ISO 9000 registration is required for regulated products sold in the European Union.

(True/False)

4.8/5

(39)

Question 26

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

(True/False)

4.8/5

(34)

Question 27

Costs of monitoring and compensating for mistakes not eliminated through prevention activities are referred to as ______________________________.

(Short Answer)

4.8/5

(32)

Question 28

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

(True/False)

4.8/5

(34)

Question 29

Inspection of incoming inventory is a value-adding activity.

(True/False)

4.9/5

(43)

Question 30

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 profits lost by the company from selling scrap units during its first year of operations.

(Essay)

4.8/5

(43)

Question 31

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The cost of processing customer returns is

(Multiple Choice)

4.8/5

(29)

Question 32

The two costs of compliance are and .

(Short Answer)

4.9/5

(41)

Question 33

The four categories of product quality costs are

(Multiple Choice)

4.9/5

(32)

Question 34

Reverse engineering is used in

(Multiple Choice)

4.8/5

(27)

Question 35

Benchmarking does which of the following activities relative to a "best-in-class" (BIC) company?

(Multiple Choice)

4.9/5

(41)

Question 36

Recalls are fairly common events for automobile manufacturers. The costs of recalling and repairing a car create

(Multiple Choice)

4.9/5

(38)

Question 37

Which of the following are categories judged for the Baldrige Award?

(Multiple Choice)

4.8/5

(40)

Question 38

Product quality includes all of the following except

(Multiple Choice)

4.7/5

(40)

Question 39

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

(True/False)

4.9/5

(26)

Question 40

Showing 21 - 40 of 108

The two costs of noncompliance are _ and _.

An appraisal cost is created by

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The total rework cost is

Discuss the concept of total quality management.

ISO 9000 registration is required for regulated products sold in the European Union.

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

Costs of monitoring and compensating for mistakes not eliminated through prevention activities are referred to as ______________________________.

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

Inspection of incoming inventory is a value-adding activity.

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The cost of processing customer returns is

The two costs of compliance are and .

The four categories of product quality costs are

Reverse engineering is used in

Benchmarking does which of the following activities relative to a "best-in-class" (BIC) company?

Recalls are fairly common events for automobile manufacturers. The costs of recalling and repairing a car create

Which of the following are categories judged for the Baldrige Award?

Product quality includes all of the following except

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

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

The two costs of noncompliance are ___________________________________ and ___________________________________.

An appraisal cost is created by

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The total rework cost is

Discuss the concept of total quality management.

ISO 9000 registration is required for regulated products sold in the European Union.

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

Costs of monitoring and compensating for mistakes not eliminated through prevention activities are referred to as ______________________________.

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

Inspection of incoming inventory is a value-adding activity.

Business Solutions Corporation Business Solutions Corporation is a manufacturer of a versatile statistical calculator. The following information is a summary of defective and returned units for the previous year. Refer to Business Solutions Corporation. The cost of processing customer returns is

The two costs of compliance are ______________________________ and ______________________________.

The four categories of product quality costs are

Reverse engineering is used in

Benchmarking does which of the following activities relative to a "best-in-class" (BIC) company?

Recalls are fairly common events for automobile manufacturers. The costs of recalling and repairing a car create

Which of the following are categories judged for the Baldrige Award?

Product quality includes all of the following except

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

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 noncompliance are _ and _.

The two costs of compliance are and .