Philip Crosby States That the Correct Cost for a Well-Run

question 7

True/False

Philip Crosby states that the correct cost for a well-run quality management program should be under 2.5 percent of sales.

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Definitions:

Nonrenewable Resource

A natural resource that cannot be replenished or regenerated at the same rate at which it is consumed, such as oil, natural gas, and minerals.

Ethanol

A renewable fuel made from various plant materials collectively known as "biomass."

Economically Viable

A situation or project that is financially sustainable, able to generate revenue that exceeds its operating costs.

Nonrenewable Natural Resource

A natural resource that cannot be replaced or replenished once it is extracted or consumed, such as fossil fuels or minerals.