In the case of…………………. the products are produced as per the specifications of the customers within prefixed time and cost.

Related MCQs

• ……………………… is concerned with deciding in advance what is to be produced, when to be produced, where to be produced and how to be produced
• …………………………is the degree to which the design specifications for a product or service are appropriate to its function and use, and the degree to which a product or service conforms to its design specifications
• ………………………… deals with decision-making related to production processes so that the resulting goods or services are produced according to specifications, in the amount and by the schedule demanded and out of minimum cost.
• ………………….refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price
• This cost is the cost associated with measuring evaluating, or auditing products or services to assure conformance to quality standards and performance requirements
• ……………………………is the highest reasonable output rate which can be achieved with the current product specifications, product mix, work force, plant and equipment.
• ……………refers to the development of the concept or idea of a product in terms of specifications which are required for transforming the idea in to product
• This cost is the costs resulting from products or services not conforming to requirements or user needs.
• ……………………is one that is capable of producing a variety of products (or parts) with virtually no time lost for changeovers form one product to the next.
• The difference between the actual cost and standard cost is called