Exam 26: Quality Management and Measurement
Exam 1: Uses of Accounting Information and the Financial Statements178 Questions
Exam 2: Measurement Concepts: Recording Business Transactions139 Questions
Exam 3: Measuring Business Income: Adjusting the Accounts168 Questions
Exam 4: Foundations of Financial Reporting and the Classified Balance Sheet130 Questions
Exam 5: Accounting for Merchandising Operations177 Questions
Exam 6: Inventories162 Questions
Exam 7: Cash and Internal Control141 Questions
Exam 8: Receivables111 Questions
Exam 9: Long-Term Assets227 Questions
Exam 10: Current Liabilities and Fair Value Accounting179 Questions
Exam 11: Long-Term Liabilities200 Questions
Exam 12: Stockholders Equity196 Questions
Exam 13: The Statement of Cash Flows147 Questions
Exam 14: Financial Statement Analysis164 Questions
Exam 15: Managerial Accounting and Cost Concepts199 Questions
Exam 16: Costing Systems: Job Order Costing121 Questions
Exam 17: Costing Systems: Process Costing139 Questions
Exam 18: Value-Based Systems: Activity-Based Costing and Lean Accounting146 Questions
Exam 19: Cost-Volume-Profit Analysis167 Questions
Exam 20: The Budgeting Process113 Questions
Exam 21: Flexible Budgets and Performance Analysis116 Questions
Exam 22: Standard Costing and Variance Analysis118 Questions
Exam 23: Short-Run Decision Analysis128 Questions
Exam 24: Capital Investment Analysis106 Questions
Exam 25: Pricing Decisions, including Target Costing and Transfer Pricing139 Questions
Exam 26: Quality Management and Measurement101 Questions
Exam 27: Accounting for Unincorporated Businesses106 Questions
Exam 28: Accounting for Investments112 Questions
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Which of the following is awarded to U.S.organizations only,but whose criteria for performance excellence is accepted as the standard by organizations worldwide?
(Multiple Choice)
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Which of the following has the goal of having customers perceive the company's products and services as perfect?
(Multiple Choice)
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Quality costs of conformance and costs of nonconformance are related to each other
(Multiple Choice)
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A benchmark is a measurement of the gap between the quality of a company's process and the quality of a parallel process
(Multiple Choice)
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Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks.In May 2014,the company incurred the following costs of quality:
-The total costs of quality as a percentage of sales were

(Multiple Choice)
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The organization that promotes improvement in quality worldwide is called the International Organization for Standardization.
(True/False)
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Managers must not base quality standards for the products on expected ROQ.
(True/False)
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To become ISO certified,an organization must pass a rigorous third-party audit of its manufacturing and service processes.
(True/False)
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Process mapping helps managers identify unnecessary efforts and inefficiencies in a business process.
(True/False)
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When money is spent on costs of conformance early in a product's life cycle and a high level of quality is established,you can expect
(Multiple Choice)
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Which of these is not a category considered for evaluation when awarding the Malcolm Baldrige Quality Award?
(Multiple Choice)
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The following data pertain to the past six months for Ridge Company:
Evaluate the three divisions' programs by:
a.Computing the costs of conformance and the costs of nonconformance of each division.
b.Computing conformance,nonconformance,and total quality costs as a percentage of sales for each division.
c.Identifying the division that is developing the strongest quality program.
d.Identifying the division that has been slowest to react to the management directive of TQM?
Defend your answers.Round percentages to two places beyond the decimal point.

(Essay)
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External failure costs are the costs incurred after the product is shipped or the service is delivered to the customer.
(True/False)
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Total quality management (TQM)requires all business functions to work together to ensure product quality.
(True/False)
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Managers' concerns about the quality of a product or service include customer expectations and perceptions.
(True/False)
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As a result of the ISO-certification process,ISO-certified companies have detailed documentation of their operations.
(True/False)
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