________ Costs Are Costs That Limit the Occurrence of Defects

question 56

Multiple Choice

________ costs are costs that limit the occurrence of defects and imperfections.

• A) Process
• B) Assessment
• C) Prevention
• D) Failure
• E) Appraisal

---

Definitions:

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all are efficiently used.

Efficiently

The manner in which resources are utilized in the most optimal way to produce goods or services without waste.

Comparative Advantage

An entity's capability to offer a product or service at a reduced opportunity cost than competitors.