Financial CBM Exam Questions in PDF and Online

QUESTION: 25

Costs that are associated with efforts to ensure conformance to requirements, generally through measurement and analysis of data to detect non-conformances are called:

Appraisal costs
Prevention cost
Internal cost
Training cost

Answer(s): A

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QUESTION: 26

Which of the following is NOT the category of internal failure costs?

Scrap and rework costs
Costs of corrective action
Downgrading costs
Tests and Inspections costs

Answer(s): D

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QUESTION: 27

Measuring expected revenue gains against expected costs associated with quality efforts is known as:

effective quality gains
return on quality
quality index
None of the above

Answer(s): B

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QUESTION: 28

The formula to calculate the return on quality is:

ROQ = (NPV of benefits / NPV of costs) 1.00 * 365
ROQ = (NPV of benefits / NPV of costs) 0.05
ROQ = (NPV of benefits / NPV of costs) 1.00
ROQ = (NPV of benefits / NPV of costs) 0.05 * 365 NPV = net present value

Answer(s): C

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QUESTION: 29

According to Juran's prescriptions, quality trilogy consists of:

Quality planning, quality disbursement, quality improvement
Quality planning, quality control, quality improvement
Quality planning, quality restrain, quality expansion
Quality planning, quality control, quality feedback

Answer(s): C

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In which quality model, whole philosophy is summarized in three steps to quality, which include quality leadership, modern quality technology, and organizational commitments to continuous training and motivation of the entire workforce?