1) according to the manufacturing-based definition of quality: a) quality is the degree of excellence at an acceptable price and the control of variability at an acceptable cost. b) quality depends on how well the product fits patterns of consumer preferences. c) even though quality cannot be defined, you know what it is. d) quality is the degree to which a specific product conforms to standards. e) quality lies in the eyes of the beholder.

Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?