Which of the Following Is True About Quality Cost Performance

question 179

Multiple Choice

Which of the following is true about quality cost performance reports?

• A)These reports are essential for supplier verification.
• B)These reports are required to be prepared as per ISO 9000 quality certification.
• C)These reports have two essential elements: actual outcomes and standard or expected outcomes.
• D)These reports show the deviation of budgeted demand from the expected demand.

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Definitions:

International Capital Flows

The movement of money for the purpose of investment, trade, or business production across international borders.

Central Bank

A bank whose chief function is the control of the nation’s money supply.

Marc Levinson

An economist, historian, and author known for his work on globalization, economics, and the history of business and technology.

Laffer Curve

An economic theory proposing that there is an optimal tax rate that maximizes government revenue without discouraging productivity and investment.