Revision Examination Tests
“Come all for this greatness”
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TAX2601 ASSIGNMENT 4 SEMESTER 2 2024 /2025 - DISTINCTION
GUARANTEED 100%
What does the following statement illustrate: The product should be four
inches long and weigh 14 ounces?
ans:>Standards
Which of the following is an example of a dairy product that is graded?
ans:>Milk
What government agency is usually responsible for rating food
products?
ans:>U.S. Department of Agriculture
Why do many professional organizations develop standards for their
members to follow?
ans:>To promote product safety
When products are graded by nongovernment agencies the grading is
ans:>voluntary
Which of the following is most likely to result if workers fail to meet time
standards?
ans:>Reduced number of products available
Light bulbs are made to fit sockets across the U.S. This is an example of
which of the following ways that standards are used:
ans:>To establish uniform, consistent products
Employees who waste materials have a negative effect on a business's
__________ standards.
ans:>cost
, The importance of grades and standards increases as international trade
ans:>increases
How can salespeople use grades and standards?
ans:>To meet customer needs
Why do businesses want to meet quality standards?
ans:>To reduce costs
How food products can be used generally is determined by their
ans:>grades
An octane rating of 87 is an example of
ans:>grades
Any business that transports goods across state lines must comply with
standards set by
ans:>government agencies
How does the use of grades and standards affect the buying and selling
process?
ans:>It enables customers to buy without having to inspect each product
Which of the following is usually responsible for grading goods
ans:>Government agencies
A business specifies that employees must contact a certain number of
customers each week. This is an example of __________ standards
ans:>quantity
Which of the following is a source that businesses use to develop
standards
ans:>Suppliers
The amount of work to be done is specified by __________ standards
ans:>quantity
Which of the following is a way that grades and standards can be used
ans:>To determine how products can be used
Giving customers a list of locations at which they can obtain repair or
replacement as part of a warranty or a guarantee provides the customer
benefit of