Some Consider Any Level of Quality Short of Perfection to Be

question 18

Multiple Choice

Some consider any level of quality short of perfection to be unacceptable.However,managers who must set quality targets should consider:

• A)The quality level required by ISO 9000
• B)The relative costs of failure,prevention,and appraisal
• C)The fact that six sigma is a universally accepted standard
• D)The effects of product quality on stock prices.

---

Definitions:

Cyclical Variation

Fluctuations in statistical or economic data that occur over regular periods due to seasonal or economic cycles.

Directional Movement

A measure or concept in technical analysis used to predict the direction in which an asset's price is likely to move.

Random Variation

Random Variation describes the unpredictable fluctuations or differences that occur in data or a process due to chance.

Time Series

A sequence of numerical data points in successive order, typically measuring an activity or outcome over time intervals.