Grades and Standards Quiz

What do standards specify?

• Product's size, contents, and/or quality

• Ratings that tell to what extent the standards are met

• A way to provide uniform, consistent products

• An increase in the importance of grades and standards

How do grades and standards help consumers?

• By indicating where the product will be sold

• By justifying price

• By providing uniform, consistent products

• By setting standards for over-the-counter medicines

How do grades and standards help businesses?

• By indicating where the product will be sold

• By providing uniform, consistent products

• By justifying price

• By setting standards for over-the-counter medicines

How do grades and standards help salespeople?

• By indicating where the product will be sold

• By justifying price

• By providing uniform, consistent products

• By setting standards for over-the-counter medicines

What does an increase in the importance of grades and standards also increase?

• Product's size, contents, and/or quality

• Ratings that tell to what extent the standards are met

• A way to provide uniform, consistent products

• International trade

Who is responsible for setting standards for over-the-counter medicines?

• Government agencies

• Government inspectors

• Trade associations and professional organizations

• Businesses

Who is often responsible for scoring products to determine grades?

• Government agencies

• Government inspectors

• Trade associations and professional organizations

• Businesses

What is the goal of trade associations and professional organizations?

• To guarantee product quality, safety, and uniformity

• To specify the amount of work to be done

• To indicate the degree of excellence to be expected from a good or service

• To monitor how long it takes to complete an activity

Where do businesses gather information to set standards?

• From their own departments, suppliers, and consumers

• From government agencies

• From trade associations and professional organizations

• From government inspectors

What do quantity standards specify?

• The amount of work to be done

• The degree of excellence to be expected from a good or service

• How long it takes to complete an activity

• How much a product or project costs