Which of the Following Best Describes Conformance Quality

question 136

Multiple Choice

Which of the following best describes conformance quality?

• A) it is the first step of a quality management system such as ISO 9000
• B) it is the performance of a product or service according to design and product specifications
• C) it is making the product according to design, engineering, and manufacturing specifications
• D) it focuses on how a product meets customer needs and wants

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Definitions:

Resale Value

The estimated market value of an asset at the end of its useful life or lease term.

Depreciation Tax Shield

The reduction in income tax expense that results from the depreciation expense on capital assets, allowing companies to save money on taxes.

Marginal Tax Rates

The rate of tax applied to the last dollar of income, which can vary depending on the income level and filing status of an individual or entity.

Straight-Line

A method of calculating depreciation of an asset, where its cost is evenly spread over its useful life.