An Example of an External Failure Cost Is

question 4

Multiple Choice

An example of an external failure cost is:

• A)returns to suppliers.
• B)warranty costs.
• C)lost labor.
• D)scrap and rework costs.
• E)returns to suppliers and lost labor.

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Definitions:

Safety Recommendations

Guidelines or advice intended to ensure that activities or operations are conducted in a manner that minimizes the risk of harm or injury.

Pesticides

Pesticides are chemical or biological agents used to control pests that can damage crops, animals, or carry diseases.

Ethical Standards

Guidelines or principles designed to direct behavior in a manner considered morally good and proper in a specific context.

Uniform Globally

The idea or principle of maintaining consistency or standardization in practices, regulations, or conditions across different countries or regions worldwide.