A Cost That Is Incurred If Some Aspect of a Service

question 6

Multiple Choice

A cost that is incurred if some aspect of a service must be performed again is called a(n) :

• A) yield loss.
• B) prevention cost.
• C) appraisal cost.
• D) rework cost.

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Definitions:

Delegate Duty

The act of assigning one's responsibilities or tasks to another person, typically to someone subordinate.

Accountant

An accountant is a professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.

Audits

Examination and evaluation of an organization's or individual's financial records to ensure accuracy and compliance with laws and regulations.

Designated Beneficiary

An individual or entity chosen to receive benefits or assets upon the death of the policyholder or account holder.