Use the Information Below to Answer the Following Question(s)

question 1

Multiple Choice

Use the information below to answer the following question(s) .
An automotive manufacturer procures an important engine part.The tool that the manufacturer uses to monitor the part supplier is a supplier scorecard.With respect to part quality,two primary performance metrics monitored are parts per million (PPM) defects and percent PPM improvement.The following measures are used for the scoring criteria:
Data collected on the supplied part over the present quarter indicated 15 defects with 325,000 parts received.The PPM defect rate in the prior quarter was 73.
-What is the percent improvement in the defect rate this quarter compared to the prior quarter?

• A)37%
• B)15%
• C)25%
• D)59%

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Definitions:

Revised Model Business Corporation Act

An influential model law that suggests legal standards and practices for the formation, operation, and dissolution of corporations in the United States.

Book Value

The net value of a company's assets minus its liabilities and preferred stock, reported on the balance sheet.

Legal Asset Distributions

The process of dividing and distributing a company's assets to shareholders, creditors, or heirs following legal rules.

Treasury Stock

Shares that were issued and subsequently reacquired by the company, hence are not considered when calculating earnings per share or dividends.