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.

Recognize the limitations of earnings per share (EPS) as a performance measure.

Identify the components of shareholders' equity and their implications on dividend distributions.

Understand the legal considerations in dividend distributions under the Revised Model Business Corporation Act.

Comprehend the accounting treatment and disclosure requirements for stock repurchases and conversions.

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Definitions:

Extension Lines

Thin lines in technical drawing that extend from a dimension line to the feature being measured or noted.

Dimension Lines

Lines on a technical drawing that represent the measurement of an object’s length, width, or height.

Leaders

Lines in technical drawings that connect annotations or notes to specific features, usually with an arrowhead pointing to the feature of interest.

Curved Feature

A design element in a drawing or physical object that incorporates one or more curves, rather than straight lines exclusively.