Performance Refers to Which of the Following

question 62

Multiple Choice

Performance refers to which of the following?

• A) The principle that quality belongs to each person who creates it while performing a job
• B) The consistency of product quality from unit to unit
• C) How well the product does what it is supposed to do
• D) The process by which a company analyzes a competitor's products to identify desirable improvement
• E) Providing value by making products available when customers want them

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Definitions:

Flexible Budget

A budget engineered to tweak itself in alignment with volume or activity level shifts.

Employee Salaries

Payments made to employees for their services over a fixed period, typically regularly scheduled and in fixed amounts.

Activity Variance

The difference between budgeted activity levels and actual activity levels.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.