According to Quality Experts,what Figure Should Total Quality Costs

question 54

Multiple Choice

According to quality experts,what figure should total quality costs?

• A)2 to 4 percent of sales
• B)2 to 4 percent of total costs
• C)2 to 4 percent of profit
• D)2 to 4 percent of gross profit

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Definitions:

Investing Activities

Refers to the purchase and sale of long-term assets and other investments, not including cash equivalents.

Long-Term Use

Assets or products intended to be used over an extended period, typically exceeding one year.

Return On Assets

A profitability ratio that measures how effectively a company uses its assets to generate profit, typically expressed as a percentage.

Evaluating Management

The process of assessing the effectiveness of a company's management team in achieving business goals and strategies.