GE's recall of 3.1 milion dishwashers cost the company more in repairs than the value of the actual dishwashers.

GE's recall of 3.1 milion dishwashers cost the company more in repairs than the value of the actual dishwashers. This is an example of which quality principle?

A. Internal failure costs

B. POCA

C. cost of poor quality is underestimated

D. appraisal costs

E. prevention costs

Expert Solution

GE Appliances decided to voluntarily recall 3.1 million GE and Hotpoint dishwashers because they were fire hazards. GE urged consumers to immediately stop using the dishwashers, made between April 1983 and January 1989. In this case, the cost of poor quality is underestimated and GE is aware of the fact that it can lead any amount of loss to the consumers if used.

Thus, Optio C is the correct answer.

keosha answered 2 years ago

When treasury stock is sold for more than the par value and the cost of the...

When treasury stock is sold for more than the par value and the cost of the stock, what account(s) should be credited? Select one: a. Treasury Stock for the cost and additional paid-in capital for the excess of the sale price over the cost b. Additional paid-in capital for the sale price c. Treasury Stock for the sale price d. Common Stock for the par value and retained earnings for the excess of the sale price over the par value...

Just as "perfect competition" may be more of an ideal than a description of an actual...

Just as "perfect competition" may be more of an ideal than a description of an actual market, so to the idea of "economic man", who always acts with rational self-interest. Please follow the above link and respond to an article that discusses the rise of behavioral economics as a relatively new field of study in the last 30 years. "Economic Man makes logical, rational, self-interested decisions that weigh costs against benefits and maximize value and profit to himself. Economic Man...

The federal government ran a deficit of $3.1 trillion in fiscal year 2020, more than triple...

The federal government ran a deficit of $3.1 trillion in fiscal year 2020, more than triple the deficit for the fiscal year 2019. This year's deficit amounted to 15.2% of GDP, the greatest deficit as a share of the economy since 1945. Is this budget deficit a serious problem? If it is yes, how would you propose lowering it? If no, then explain why?

In cost Accounting if Budgeted cost is less than Actual cost what it called over costed...

In cost Accounting if Budgeted cost is less than Actual cost what it called over costed or under cost? what is differents between current method and Activity based method

1) When more materials are used than allowed for actual production this will result in an...

1) When more materials are used than allowed for actual production this will result in an unfavourable purchase price variance. TRUE or FALSE 2) MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $5 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $52,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,000...

What happen to actual carbon chain of the protein if person eats more protein than their...

What happen to actual carbon chain of the protein if person eats more protein than their body needs?

A commonly used practice of airline companies is to sell more tickets than actual seats to...

A commonly used practice of airline companies is to sell more tickets than actual seats to a particular flight because customers who buy tickets do not always show up for the flight. Suppose that the percentage of no shows at flight time is 2%. For a particular flight with 380 seats, a total of 384 tickets were sold. Use normal approximation to find the probability that (a) at most 375 passengers will show up. (b) the airline overbooked this flight....

1) If the barometer reading is recorded to be higher than the actual value. What effect...

1) If the barometer reading is recorded to be higher than the actual value. What effect does this error have on the reported value of the molar mass of the compound compared to the true value? Briefly explain (Too High, Too low, Unchanged) 2) If the water bath only reached a temperature of 94.9C but you still used the value of 100C in the calculation what effect would this error have on the reported value for the molar mass of...

Discuss why managers estimate a cost function? suppose actual cost are higher than estimated cost. Analyze...

Discuss why managers estimate a cost function? suppose actual cost are higher than estimated cost. Analyze why you may have this difference between actual and estimated costs?

Actual Cost, planned value and earned value of the activities of an ongoing project after 5...

Actual Cost, planned value and earned value of the activities of an ongoing project after 5 months and after 8 months are given below. All values and costs are in Rs lakhs. Comment on status of the a) Activities (Activity delayed/early, activity cost overrun/underrun) b) status of project and estimated total cost at completion at 5 months and at 8 months. After 5 months Activity. EV PV AC Comment A 10 10 8 B 18 15 12...

Question