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

Exercise 18

Spotting Quality in Business Programs Through its accreditation function, AACSB International (www.aacsb.edu) seeks continuous quality improvement in the content, delivery, and administration of management education. The AACSB in fact accredits business programs, at both the undergraduate and graduate levels, based on an overall assessment of the quality of these programs. As a student, you may have formed some thoughts regarding how to spot quality in a business-degree program. If you were in charge of developing accreditation standards for business-degree programs, what specific measures of quality would you include? That is, how would you spot quality in terms of a business-degree program?

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.