Benchmarking relies on statistical sampling to locate errors by testing some of the items in a production run
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Quality assurance relies on such sampling. Benchmarking is a process by which a company compares its performance with that of high-performing organizations.
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Labor costs that are clearly associated with specific units of product because the labor is used to convert raw materials into finished products are called:
A. All labor. B. Direct labor. C. Indirect labor. D. Contracted labor. E. Finished labor.
The managerial task of developing a strategic vision for a company
A. entails coming up with a concrete plan for how the company intends to make money. B. is chiefly concerned with addressing what a company needs to do to successfully outcompete rivals in the marketplace. C. concerns deciding what approach the company should take to implement and execute its business model. D. involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense. E. entails coming up with a fairly specific answer to "who are we, what do we do, and why are we here?"
Use the information in Scenario 4.7. What action, if any, should the Sharp Company take?
A) Do nothing—neither alternative provides a positive net present value after three years. B) Select Alternative #1. C) Select alternative #2. D) Either alternative may be selected, since the positive net present values are the same after three years.
Application servers, which require a front end on the client and a back end on the server, are not very useful for managing user applications that can be shared across the network
Indicate whether the statement is true or false