Newman Co provides training and technical support to its suppliers in order to increase the quality of purchased raw materials. Which type of quality cost would this most likely be?
A) External failure cost
B) Prevention cost
C) Internal failure cost
D) Appraisal (detection) cost
B
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Of the internal stakeholders, the group that is the most critical to the success of a firm would be:
A) shareholders B) employees C) the labor union D) customers
The National Industrial Recovery Act in 1933 contained a public works program to create jobs and a framework for establishing industry codes of ____________________.
A. Product standards B. Collusion C. Fair competition D. Ethics
Which of the following statements is most accurate?
A) Proposals are persuasive documents used to solve problems, provide services, or sell products. B) Proposals are always solicited. C) Proposals are informative documents used to share problems, identify emerging issues, and categorize available resources for resolution. D) Proposals are developed for external audiences only.
If goods are sacrificed in the process of saving a ship from a substantial common danger, the owners of the goods are said to have incurred a particular average loss
Indicate whether the statement is true or false