Glory Enterprises Quality Control Report for August Contains the Following

question 124

Multiple Choice

Glory Enterprises quality control report for August contains the following items:
$\begin{array}{ll}\text {Liability costs associated with defective products}&\$10,000\\\text { Disposal costs of defective products failing inspection }&20,000\\\text {Disposal costs of raw materials failing inspection}&30,000\\\text { Quality training provided to workers } & 40,000 \\\text { Lost sales due to poor quality and defective products } & 50,000 \\\text { Advertising costs to offset perception of poor product quality } & 60,000 \\\text { Raw materials used to correct defects before product was sold } & 70,000 \\\text { Testing and inspecting a sample of finished goods } & 80,000\end{array}$
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What would be the total of the prevention costs on the August quality control report for Glory Enterprises?

• A) $180,000.
• B) $120,000.
• C) $90,000.
• D) $70,000.

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Know how to measure the success and effectiveness of communication efforts in marketing.

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Definitions:

Present Value

The present worth of a future amount of money or series of cash flows, considering a certain rate of return.

Rate Of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment’s initial cost.

Cash Flows

The net amount of cash being transferred into and out of a business, typically categorized into operating, investing, and financing activities.

Present Value

Present Value refers to the value today of an amount of money that is to be received in the future, adjusted for a certain rate of return.