Maintaining Consistent High Product Quality

question 57

Multiple Choice

Maintaining consistent high product quality

• A)is both required for and a by-product of the just-in-time environment.
• B)is difficult to obtain in a just-in-time environment because of the severe time constraints imposed by the just-in-time environment.
• C)requires quality control inspectors at each step of the production process.
• D)is too expensive to obtain in a just-in-time environment.

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Definitions:

Service Revenue

Income earned by a company for performing a service rather than selling physical goods.

Salaries and Wages Expense

The total amount paid to employees for services rendered during a specific period; considered an operating expense.

Unearned Subscription Revenue

Income received from subscriptions before the service has been fully delivered or the term of the subscription has been fulfilled.

Liability

Financial obligations or debts that an entity owes to another party, which need to be settled over time through the transfer of economic benefits including money, goods, or services.