Examlex
Gambling is a form of unbalanced exchange.
Warranty Costs
Expenses associated with replacing, repairing, or refunding products that fail to meet performance expectations within a specified period.
Employee Empowerment
The practice of giving employees a degree of autonomy and responsibility for decision-making regarding their specific organizational tasks.
Control Limits
Statistical boundaries within a control chart that indicate the acceptable range of performance or variation for a process or activity.
ISO 9000
A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements to be implemented to maintain an efficient quality system.
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