________ is the use of techniques, activities, and processes to guarantee that a certain good or service meets a specified standard
A) Inventory control
B) Supply line control
C) Quality control
D) Management control
E) Enterprise resource planning
C
Explanation: C) Quality control is the use of techniques, activities, and processes to guarantee that a certain good or service meets a specified level of quality. Companies implement total quality management procedures and even pursue recognition for their quality control process from the ISO. Quality control must be made a priority by companies to remain competitive.
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The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If the company has 5 million shares outstanding, and these shares are trading at a price of $6.39 per share,
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash 53 Accounts payable 40 Accounts receivable 23 Notes payable/short-term debt 5 Inventories 17 Total current assets 93 Total current liabilities 45 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 117 Long-term debt 133 Total long-term assets 117 Total long-term liabilities 133 Total Liabilities 178 Stockholders' Equity 32 Total Assets 210 Total Liabilities and 210 Stockholders' Equity what does this tell you about how investors view this firm's book value? A) Investors consider that the firm's market value is worth very much less than its book value. B) Investors consider that the firm's market value is worth less than its book value. C) Investors consider that the firm's market value and its book value are roughly equivalent. D) Investors consider that the firm's market value is worth more than its book value.
An increase in ________ will decrease the times-interest-earned ratio
A) the tax rate B) gross profit C) interest expense D) common stock