At the Beginning of the Year, Marinov Corporation Initiated a Quality

question 174

Multiple Choice

At the beginning of the year, Marinov Corporation initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help assess the impact of the quality improvement program, the following data were collected for the current and preceding years: $\begin{array}{lrr}&\text { Freceding Year }&\text { Current Year }\\\text { Sales } & \$ 2,000,000 & \$ 2,000,000 \\\text { Quality training } & 2,000 & 3,000 \\\text { Packaging inspections } & 5,000 & 8,000 \\\text { Downtime } & 40,000 & 30,000 \\\text { Reinspection } & 80,000 & 50,000 \\\text { Product inspection } & 10,000 & 20,000 \\\text { Product liability } & 70.000 & 55,000\end{array}$ For the current year, appraisal costs are what percentage of sales?

• A)1.40%
• B)1.00%
• C)0.14%
• D)0.40%

Understand the role and power of the Federal Trade Commission (FTC) in regulating advertising.

Grasp the key provisions of the Lanham Act and how they affect advertising and trademark protection.

Identify and analyze different types of misleading advertising and the legal frameworks designed to combat them.

Recognize the significance of the Central Hudson test in determining the constitutionality of restrictions on commercial speech.

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Definitions:

Symbol

Graphical representations used in technical drawings to convey information about the part or assembly quickly and clearly.

Total Runout

Measurement that reflects the total variation a cylindrical or spherical object’s surface has when rotated about an axis.

Runout Tolerances

Specifications that limit the amount a mechanical part may deviate from a perfect circular path during its rotation.

Datum Axis

An imaginary line or axis on a part defined from a datum surface, serving as a reference for measuring and orienting the part.