Contours, Inc

question 41

Multiple Choice

Contours, Inc., quality auditors pull one part from the production line every 15 minutes. These parts are measured against the production print; any variation that is beyond acceptable levels is reported to the machine operators. Contours, Inc., is using ________ control.

• A) feedforward
• B) concurrent
• C) feedback
• D) concentric

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Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but not complete control.

Unrealized Gains And Losses

Gains and losses that have occurred on paper, but the corresponding financial assets have not yet been sold or realized.

Voting Shares

Shares that grant the holder the right to vote on company matters, typically at shareholder meetings.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control them.