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NEW QUESTION 46
The management and employees of a large household goods moving company believe that it if became nationally known as adhering to total quality management and continuous improvement, one result would be an increase in the company's profits and market share. What should the company focus onto achieve quality more economically?

A. Internal failure costs.B. Prevention costs.C. Appraisal costs.D. External failure costs.

Answer: B

Explanation:
Prevention costs are incurred to prevent defects. Prevention is ordinarily less costly than the combined costs of appraisal, internal failure, and external failure.

 

NEW QUESTION 47
Which line segment identifies the quantity of safety stock maintained?

A. BC.B. AB.C. AE.D. A

Answer: C

Explanation:
Quantities of inventory are shown along they axis. Safety stock is represented by the line
AE.
The diagram presented represents the economic circler quantity ECQ) model.

 

NEW QUESTION 48
Which of the following actions is most likely to gain support for process change?

A. Set clear objectives.B. Establish key competencies.C. Demonstrate support from senior management.D. Engage the various communities of practice within the organization.

Answer: D

 

NEW QUESTION 49
Refer to the exhibit.

The figure below shows the network diagram for the activities of a large project. What is the shortest number of days in which the project can be completed?

A. 27 days.B. 51 days.C. 22 days.D. 21 days.

Answer: A

 

NEW QUESTION 50
Consideration consists of:

A. Two promises.B. Each party's receiving an actual benefit only.C. Legal sufficiency and bargained-for exchange.D. Something with monetary value.

Answer: C

Explanation:
Consideration must be legally sufficient and intended as a bargained-for exchange. A promise has provided legally sufficient consideration if s)he incurs a legal detriment or if the promise receives a legal benefit An essential aspect of consideration is that it be bargained for, and given in exchange for, the consideration provided by the other party. That is, consideration is mutual.

 

NEW QUESTION 51
......


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