Which of the following would be classified as an appraisal cost on a quality cost report?

A. Audits of the effectiveness of the quality system.
B. Quality improvement projects.
C. Quality data gathering, analysis, and reporting.
D. Supplies used in testing and inspection.


Answer: D

Business

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________ occurs when customers gather information from a retailer's channel and buy products from a competitor's channel.

A. Channel integration B. Omniretailing C. Automated retailing D. Channel expansion E. Channel migration

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Which of the following is NOT an example of corporate social responsibility?

A. Establishing a company's environmental footprint and taking measures to reduce it. B. Establishing living wage payment for factory workers in the Mexico manufacturing plant. C. Offering employees the opportunity to volunteer at local not for profit organizations for 1% of their work time. D. Offering shareholders the potential for greater returns. E. Offering products to base-of-pyramid markets that improve standard of living.

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When the meaning of a statute's language is unclear and an agency interprets it, a court need notfollow the interpretation even if it is reasonable

Indicate whether the statement is true or false

Business

The Johnsons decided to sell their summer cabin on Beech Lake. They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin. The flyer described the location of the property, the size of the lot, and the price. If one of the recipients responds by sending a letter accepting, an agreement A) will not be formed

because the flyer was sent out as an invitation to make an offer. B) will be formed because the first to respond gets the property. C) will be formed because the price is included. D) will not be formed because of the parol evidence rule.

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