Which of the Following Is a Series of Standards Adopted

question 61

Multiple Choice

Which of the following is a series of standards adopted by the International Organization for Standardization to spell out acceptable criteria for quality systems?

• A) ISO 9000
• B) Total quality management guidelines
• C) Malcolm Baldrige guidelines
• D) Benchmarking

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Definitions:

Job Cost

The total cost assigned to a specific job or project, comprising direct materials, direct labor, and allocated overhead.

Manufacturing Costs

Expenses directly related to the production of goods, including labor, materials, and overhead.

Markup

A percentage added to the cost price of goods to cover overhead and profit.

Selling Price

Selling price is the amount of money a buyer pays to purchase a product or service from a seller.