The Primary Goal of Failure Modes, Effects, and Criticality Analysis

question 14

True/False

The primary goal of failure modes, effects, and criticality analysis is to develop priorities for corrective action based on estimated risk.

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Definitions:

Deposit

An amount of money placed into an account or given to someone as a partial payment or security for the purchase of something.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a bank account.

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.

Check

A written order directing the bank to pay a certain sum to a designated party.