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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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, providing a measure of the precision of the estimated population parameter.

Interval Estimate

An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, often expressed with a level of confidence.

Mean Ages

The average age of individuals in a population or sample, calculated by summing their ages and dividing by the number of individuals.

Full-time Students

Individuals enrolled in an educational institution who take the majority of coursework offered or meet a minimum number of credit hours, as defined by the institution, to be considered as attending full-time.