What is the difference between conformance-oriented quality and target-oriented quality?
What will be an ideal response?
With conformance-oriented quality, any unit that meets specifications is acceptable, whether it is on the edges or center of the specification range. Target-oriented quality treats output as better the closer it is to exactly what the customer wants.
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Some of Body Shop's recent advertising has emphasized the difference between the company's principles and those of "mainstream" cosmetics companies on such issues as animal testing. As described here, Body Shop's ads illustrate positioning by:
A) competition. B) niche. C) quality/price. D) attribute/benefit. E) culture.
Drew Mellow, owner of Mellow's Melodies, also owns a personal residence that costs $400,000 . The market value of his residence is $600,000 . During preparation of the financial statements for Mellow's Melodies, the accounting concept most relevant to the presentation of Drew's home is:
a. monetary unit. b. a going concern entity. c. the economic entity concept. d. the time period assumption.
Which of the following is a requirement for a common law marriage to be valid?
A) that a marriage license was obtained B) that there was a legal marriage ceremony C) that the parties live together D) that the parties have a valid prenuptial agreement
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unitActual direct materials used 243,000 lbs.Actual finished units produced 40,000 unitsActual cost of direct materials used$483,570
A. $2,430 unfavorable. B. $6,000 unfavorable. C. $3,570 favorable. D. $2,430 favorable. E. $3,570 unfavorable.