Total Quality Management Emphasizes

question 62

Multiple Choice

Total quality management emphasizes:

• A) the responsibility of the quality control staff to identify and solve all quality-related problems.
• B) a commitment to quality that goes beyond internal company issues to suppliers and customers.
• C) a system where strong managers are the only decision makers.
• D) a process where mostly statisticians get involved.
• E) ISO 14000 certification.

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Definitions:

Absorption Costing

A method in accounting that totals up all expenses of manufacturing including costs for direct materials, direct labor, along with variable and fixed overhead, assigning them to the cost of a product.

Unit Product Cost

The total cost to produce one unit of a product, including direct materials, direct labor, and manufacturing overhead.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.

Unit Product Cost

The total cost (both fixed and variable) associated with producing a single unit of product.