Questions
Multiple fill-in-the-blank
Question at position 7 Match the following cost elements to the appropriate quality cost categoryPrompt 1Costs associated with auditing your company's quality systems to ensure they are functioning accuratelyAnswer for prompt 1 Costs associated with auditing your company's quality systems to ensure they are functioning accurately[input]Prompt 2Costs associated with inspecting incoming materials to ensure that they meet quality standardsAnswer for prompt 2 Costs associated with inspecting incoming materials to ensure that they meet quality standards[input]Prompt 3Costs associated with creating quality standards/specifications for purchased materialsAnswer for prompt 3 Costs associated with creating quality standards/specifications for purchased materials[input]Prompt 4Costs associated with correcting work-in-progress materials that do not meet the company's quality standardsAnswer for prompt 4 Costs associated with correcting work-in-progress materials that do not meet the company's quality standards[input]Prompt 5Costs associated with investigating the cause(s) of recalled finished productsAnswer for prompt 5 Costs associated with investigating the cause(s) of recalled finished products[input]Prompt 6Costs associated with establishing and operating the company's quality training programAnswer for prompt 6 Costs associated with establishing and operating the company's quality training program[input]Prompt 7Costs associated with evaluating and approving a supplier's quality systemsAnswer for prompt 7 Costs associated with evaluating and approving a supplier's quality systems[input]Prompt 8Costs associated with determining the cause(s) of defective products during productionAnswer for prompt 8 Costs associated with determining the cause(s) of defective products during production[input]Prompt 9Costs associated with designing and maintaining the company's quality systemAnswer for prompt 9 Costs associated with designing and maintaining the company's quality system[input]Prompt 10Costs associated with replacing defective finished products in the marketAnswer for prompt 10 Costs associated with replacing defective finished products in the market[input]Possible answersAppraisal CostsExternal Failure CostsPrevention CostsInternal Failure Costs
Options
A.Appraisal Costs
B.External Failure Costs
C.Prevention Costs
D.Internal Failure Costs
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Step-by-Step Analysis
Question restatement and options:
- Prompt 1: Costs associated with auditing your company's quality systems to ensure they are functioning accurately
- Prompt 2: Costs associated with inspecting incoming materials to ensure that they meet quality standards
- Prompt 3: Costs associated with creating quality standards/specifications for purchased materials
- Prompt 4: Costs associated with correcting work-in-progress materials that do not meet the company's quality standards
- Prompt 5: Costs associated with investigating the cause(s) of recalled finished products
- Prompt 6: Costs associated with establishing and operating the company's quality training program
- Prompt 7: Costs associated with evaluating and approving a supplier's quality systems
- Prompt 8: Costs associated with determining the cause(s) of defective products during production
- Prompt 9: Costs associated with designing and maintaining the company's quality system
- Prompt 10: Costs associated with replacing defective finished products in the market
Answer choices (the four cost categories): Appraisal Costs, External Failure Costs, Prevention Costs, Internal Failure Costs
Now, let’s analyze each prompt option by option, considering what type of cost category each activity typically represents.
Prompt 1: Auditing the company’s quality systems to ensure they function accurately
- Appraisal Costs: This is the classic example, as it involves measuring and evaluating quality processes to ensure they are operating correctly.......Login to view full explanationLog in for full answers
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