Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 17

Quality Ratings—Graduate Business Programs You can see from the discussion in the text that quality-ratings, and quality-award programs, exist for various types of businesses and organizations. Some of you may be contemplating enrolling in an MBA program upon completion of your undergraduate studies. It might interest you, therefore, that graduate business programs in this country and abroad are ranked by a number of publications, including The Wall Street Journal, Business Week, the Financial Times, the Economist, and U.S. News&World Report. To some extent, these sources use different measures to determine their quality rankings. Develop a list of criteria that could be used to generate quality rankings of graduate business programs.

Step 1 of 2

When there is a company producing goods and services, then it is very important for the company to control the quality of products produced. High level of variation in product quality will make batch unacceptable, so it is necessary to control quality and that too with cost-effectiveness.