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BM II 1.01 Review

Authored by Angela Royster

Business

9th Grade

Used 1+ times

BM II 1.01 Review
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12 questions

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1.

MATCH QUESTION

1 min • 10 pts

Match the following types of cost

Appraisal Cost

Costs incurred when defective products reach customers.

External
Failure Cost

Costs related to planning and implementing quality measures to avoid defective products.

Prevention Cost

Costs incurred when defective products are detected before reaching customers.

Internal Failure Cost

Costs associated with inspecting and catching defective products quickly.

2.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

Explain how feedforward control can be beneficial in a manufacturing process.

It helps in identifying defects after production

It allows for adjustments before the production process begins

It monitors performance during production

It provides feedback after production is complete

3.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

A company incurs costs to inspect products before they are shipped to customers. What type of costs are these?

Prevention Costs

Internal Failure Costs

Appraisal Costs

External Failure Costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

How does a break-even analysis assist a business in strategic planning?

It helps when determining the level at which revenues equal total costs

It determines the profitability of individual products

It forecasts future cash flows

It evaluates employee performance

5.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

What is the difference between a warranty and a guarantee?

A warranty is a promise to refund, while a guarantee is a promise to repair

A warranty is a promise to repair or replace, while a guarantee is a promise to refund

A warranty is a legal obligation, while a guarantee is optional

A warranty is for a limited time, while a guarantee is forever

6.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

Why is sustainability important for long-term business viability?

It reduces immediate costs

It manages financial, social, and environmental risks

It increases short-term profits

It focuses solely on environmental concerns

7.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

Which type of control involves monitoring performance after it has occurred?

Feedforward Control

Concurrent Control

Feedback Control

Managerial Control

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