Answer: Intellectual property
Explanation:
Intellectual property is a property that is the result of the creativity of an individual or firm. Intellectual property is a form of property that includes the intangible developments of the human intellect.
Stealing of another person's or firm's intellectual property is a crime and is punishable. There are different types of intellectual property. The well-known types are patents, copyrights, trade secrets, and trademarks.
Answer:
a)
- Prevention costs: costs incurred in order to prevent failures or minimize defects, they include maintenance expenses = $11,000
-
Appraisal costs: costs incurred in order to make sure that the products meet quality standards and customers' expectations, they include inspection costs = $15,000
-
Internal failure costs: costs incurred due to faulty products or procedures that occur before any good is actually taken out of the facilities, they include scrap and rework ($10,600) and machine breakdown costs ($5,400) = $16,000
- External failure costs: costs incurred after the goods leave the facilities, they include warranty expenses ($34,000), product returns due to defects ($6,000) and lost sales due to low quality ($10,000) = $50,000
Quality cost report:
Prevention costs
- Machine maintenance expense $11,000 $11,000
Appraisal costs
- Inspection cost $15,000 $15,000
Internal failure cost :
- Scrap & rework $10,600
- Machine breakdown costs $5,400 $16,000
External failure costs :
- Warranty expense $34,000
- Product returns due to defects $6,000
- Estimated lost sales due to poor quality $10,000 <u>$50,000</u>
Total quality cost $92,000
b) What percentage of sales revenue is being spent on prevention and appraisal activities?
total sales revenue = $500,000
prevention and appraisal costs = $26,000
% = $26,000 / $500,000 = 5.2%
c) What percentage of sales revenue is being spent on internal and external failure costs?
internal and external failure costs = $66,000
% = $66,000 / $500,000 = 13.2%
An incentive that interest groups engage in to overcome the free rider problem is packaging a selective incentive, <span>a private good available to members only, with public goods produced by the interest </span>group. This type of packaging is also used by American Association of Retired Persons or ARRP and other interest groups.<span> </span>
Answer:
$1,701,371
Explanation:
Gross Profit = Sales - Cost of Sales
therefore,
In percentage this equation can be expressed according to the Company policy as :
<em>46 % = 146 % - 100%</em>
Cost of Sales = 100/146 x $2,484,001 = $1,701,371
Conclusion :
Budgeted cost of goods sold for February is $1,701,371
Answer:
2). open
<u>Multiple -choices</u>
<u>1)</u>. behavioral 2). open 3). semiprofessional 4). standard
Explanation:
An open interview is designed as a free-flowing dialogue between the interviewer and the applicant. The interview can be conducted in a group or individual format. The interviewer does not present themselves with a set of prepared questions for the candidates to respond.
An open interview can be conducted either in the office or outside the office. They are more casual than formal and may lead to instant job offers.
