The Cost of Inspection for Three Different Product Characteristics A,B,and

question 37

Multiple Choice

The cost of inspection for three different product characteristics A,B,and C,is $10,$12 and $8 respectively.The cost of failure if any one of them breaks down is $100 (full replacement cost of the product) .What is the inspection ratio for B?

• A)0.10
• B)0.08
• C)0.12
• D)0.05

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Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Tasks

Specific pieces of work to be done, usually as part of a larger project.

Suggestion Involvement

The process of involving individuals in decision-making by encouraging them to propose ideas and recommendations.

Advisor

An individual providing guidance and advice, often in educational, professional, or financial contexts.