Match the Following Descriptions with the Appropriate Terms

question 8

Multiple Choice

Match the following descriptions with the appropriate terms.
-Root cause analysis

• A)The CAP survey is an example
• B)Systematic evaluations to determine whether procedures are being followed
• C)Testing to determine the accuracy and precision of reagents and equipment
• D)Process of standardizing an instrument against a known value
• E)Removal of products from the market that might compromise the safety of the recipient
• F)Degree to which a measurement represents the true value
• G)Establishing that a specific process produces an expected result
• H)Evaluation of an employee's ability to perform a specific skill
• I)Investigation and identification of the factors that contributed to an error
• J)Maximizes the duration of equipment and increases the reliability of the equipment
• K)System to plan and implement changes to prevent problems

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Definitions:

Journalize

The process of recording transactions in a journal or diary in accounting, which includes the date, accounts affected, and amounts, followed by a brief description of the transaction.

Temporary Investments

Investments not intended to be held for a long term, such as stocks or bonds, purchased with the intention of selling in the near future.

Accounts Receivable

Money that is owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Quick Ratio

A liquidity measure that indicates a company’s ability to pay its current liabilities without relying on the sale of inventory, calculated as (current assets - inventories) / current liabilities.