Identity the Following by Their Type of Quality Cost

question 76

Multiple Choice

Identity the following by their type of quality cost.
-Recalls

• A)Preventive costs
• B)Appraisal costs
• C)Internal failure costs
• D)External failure costs

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Definitions:

Interest Rate Cap

A financial derivative or agreement that limits the maximum interest rate that can be charged on a variable-rate loan or mortgage.

Interest Rate Floor

An agreement in which a lower limit is set on the interest rate that can be paid on a financial obligation.

Collar

A strategy in finance used to limit the range of possible returns on an investment, often by buying and selling options.

Ergonomics

The study and design of work environments to maximize safety, comfort, and efficiency for human use.