The extensive use of corrective action requests supports prevention of nonconforming defects
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is usually referred to as a full-blown test market?
A) an internal focus group B) a discussion group C) a country D) a city or a few cities E) a laboratory
Which of the following will be classified as an available-for-sale debt investment?
A) debt securities which the investor intends to sell in the very near future B) debt securities the investor intends to hold and has the ability to hold until they mature C) all investments in Treasury bills D) all debt securities that are not trading debt investments or held-to-maturity debt investments
Thomas Company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. Information for raw materials for Product RBI for the month of October follows: Standard unit price $1.80 Actual purchase price per unit $1.65 Actual quantity purchased 4,000 units Actual quantity used 3,900 units Standard quantity allowed for actual production
3,800 units What is the materials quantity variance? a. $180 unfavorable b. $165 unfavorable c. $180 favorable d. $165 favorable
______ is the extent to which a test measures what it claims to measure.
A. Reliability B. Fitness C. Validity D. Interest