Which One of the Following Is Considered to Be an Appraisal

question 78

Multiple Choice

Which one of the following is considered to be an appraisal cost?

• A) cost of quality audits
• B) cost of supplier programs
• C) cost of rework
• D) cost of process design

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Definitions:

Dollar Amount

The numerical monetary value or total assigned to a transaction, account, or asset.

Inventory Turnover Ratio

A measure of how efficiently a company turns its inventory into sales by comparing cost of goods sold to average inventory for a period.

Inventories

Inventories are the goods and materials a business holds for the purpose of resale or production in the ordinary course of business.

Cost of Goods Sold

The total cost directly involved in manufacturing or acquiring the products sold by a company during a particular period.