The Degree to Which a Good or Service Meets the Demands

question 90

Multiple Choice

The degree to which a good or service meets the demands and requirements of customers is called

• A) efficiency.
• B) productivity.
• C) quality.
• D) effectiveness.
• E) customer satisfaction.

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Definitions:

Recipe Book

A collection of culinary recipes and guidelines for preparing food.

Estimated Liability

An obligation that can be reasonably estimated but whose exact value and timing are not known.

Premium Redemption

The act of repaying a bond or other security at its premium price before it reaches maturity.

Warranty Accrual Method

An accounting approach where a company estimates future warranty expenses and records them as a liability at the time the product is sold.