The Cost of Quality Training Is an Example of What

question 1

Multiple Choice

The cost of quality training is an example of what type of quality cost?

• A)Prevention costs
• B)Appraisal or inspection costs
• C)Internal failure costs
• D)External failure costs

Distinguish between cash operating costs and non-operating costs in investment appraisal.

Evaluate investment projects based on various financial metrics including IRR, NPV, and simple rate of return.

Understand the concept of human error in cybersecurity practices.

Identify the role and impact of social engineering in compromising information security.

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probability of outcomes is uncertain.

Investment Return

signifies the gain or loss on an investment over a specified period, usually expressed as a percentage of the investment's cost.

Endowment Effect

A psychological phenomenon in which people value an owned object higher than a similar object they do not own.

Resale

The act of selling a previously bought product, typically used, to another buyer.