Internal reports on quality at the Acme Publishing Company generated the following information for the Trade Division for the first three months of the year: Total sales $1,000,000 Costs of quality: Prevention 44,000 Appraisal 47,000 Internal failure 36,000 External failure 64,000 Compute the ratio of costs of conformance to total costs of quality
a. 44.6%
b. 47.6%
c. 50.1%
d. 100%
B
You might also like to view...
Companies with a well-integrated S&OP typically have ______ days of inventory.
a. 25 to 30 days b. 6 months c. 40 to 50 days d. 70 to 90 days
Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the quantity of aircraft plywood panels that Diamond Plywood will produce?
a. 850
b. 300
c. 350
d. 200
Maureen has an ice cream shop in Washington, D.C. One thing that attracts busy people to her shop is that she has perfected a way to make milkshakes and sundaes in half the time her competitors take. Which fundamental driver of success has Maureen emphasized?
A. cost competitiveness B. quality C. sustainability D. knowledge E. speed
A procedure with a very small probability of a Type I error will also have a very small probability of a Type II error
Indicate whether the statement is true or false