Which of the Following Best Explains 'Functional Specifications

question 19

Multiple Choice

Which of the following best explains 'functional specifications'? 

• A) Buyer decides to integrate a standard component in their product design and supplier is requested to submit a price proposal and production planning. 
• B) Supplier is responsible for submitting a prototype or sample for approval and testing. 
• C) The buyer communicates a rough design to the supplier to work out a detailed design and submit this for approval to the buyer.  When approved, the supplier is responsible for prototyping, testing and manufacturing. 
• D) Based upon functional specifications for a component or module, the supplier is responsible for conceptual design, prototype, testing and setting up production and assembly processes.

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Definitions:

Net Income Before Taxes

A financial measure that calculates a company's earnings after all expenses have been subtracted from revenues, except for income taxes.

Total Assets

The sum of all resources owned by a company or individual, including both current and long-term assets.

Net Sales

Revenue from sales after deducting returns, allowances, and discounts.