Which of the Following Is True About Quality Management Systems

question 180

Multiple Choice

Which of the following is true about quality management systems?

• A)Quality management systems only use financial measures to assess success or failure.
• B)External failure costs are the easiest quality costs to measure.
• C)Businesses should invest upfront in prevention and appraisal costs.
• D)Prevention,appraisal and internal costs are not considered in the cost of products.

Learn how to calculate and interpret the margin of safety in various forms.

Recognize the assumptions and limitations of cost-volume-profit analysis.

Understand the computation of contribution margin and its critical role in CVP analysis.

Know the various methods for estimating cost behavior and their applications in real-world scenarios.

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Definitions:

Instinctive Drift

During operant learning, the tendency for an organism to revert to instinctive behavior.

Instinctive Drift

The tendency of an animal to revert to instinctual behaviors that interfere with learned responses.

Successive Approximations

A method in behaviorism used to shape behavior by rewarding actions that are closer to the desired behavior.

Free Will

The ability to choose between different possible courses of action unimpeded.