IASSC Exam ICBB Topic 7 Question 64 Discussion

Actual exam question for IASSC's ICBB exam

Question #: 64
Topic #: 7

[All ICBB Questions]

Cost of Poor Quality (COPQ) can be classified as Visible Costs and Hidden Costs. All these items are Hidden Cost except __________________.

ALost Customer Loyalty

BReturns

CTime Value of Money

DLate Delivery

Show Suggested Answer

Suggested Answer: D

by Beckie at Apr 23, 2024, 05:28 PM

Limited Time Offer

25%

Off

Get Premium ICBB Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Farrah

16 days ago

Time Value of Money as a hidden cost? That's a new one. Must be an accountant's idea of a joke.

upvoted 0 times

...

Silvana

18 days ago

Hmm, I'm not sure about this one. Is A. Lost CusCletuser Loyalty really a visible cost? Seems pretty hidden to me.

upvoted 0 times

Nickolas

B) Returns

upvoted 0 times

...

Alfreda

2 days ago

A) Lost Customer Loyalty

upvoted 0 times

...

Bev

29 days ago

B. Returns is definitely a hidden cost. All those cusCletuser returns and processing them? That adds up quick.

upvoted 0 times

Juan

3 days ago

C) Time Value of Money

upvoted 0 times

...

Tamala

13 days ago

B) Returns

upvoted 0 times

...

Mireya

19 days ago

A) Lost Customer Loyalty

upvoted 0 times

...

Cletus

1 months ago

D. Late Delivery seems like the obvious hidden cost to me. Who wants their product showing up late? That's gotta hurt the botCletus line.

upvoted 0 times

German

2 days ago

C) Time Value of Money

upvoted 0 times

...

Gary

22 days ago

B) Returns

upvoted 0 times

...

Annice

22 days ago

User 2

upvoted 0 times

...

Donette

23 days ago

User 1

upvoted 0 times

...

Carmen

28 days ago

A) Lost Customer Loyalty

upvoted 0 times

...

Florinda

2 months ago

Why do you think that?

upvoted 0 times

...

Magda

2 months ago

I disagree, I believe the answer is C) Time Value of Money.

upvoted 0 times

...

Ben

2 months ago

I think the correct answer is C. Time Value of Money. That's a pretty straightforward concept that we covered in class.

upvoted 0 times

Leonora

9 days ago

Late Delivery can also be considered a hidden cost since it can impact future business.

upvoted 0 times

...

Kanisha

27 days ago

Lost Customer Loyalty and Returns are visible costs that can be easily identified.

upvoted 0 times

...

Laurena

1 months ago

I agree, the Time Value of Money is definitely a hidden cost.

upvoted 0 times

...

Florinda

2 months ago

I think the answer is D) Late Delivery.

upvoted 0 times

...