Step 2 of Quality Planning and Control Involves

question 4

Multiple Choice

Step 2 of quality planning and control involves:

• A) Defining quality characteristics
• B) Deciding how to measure each quality characteristic
• C) Controlling quality against set standards of quality
• D) Finding and correcting poor quality

---

Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.

Stock Options

Financial instruments granting the holder the right, but not the obligation, to buy or sell a stock at a specified price within a certain period.

GAAP

Generally Accepted Accounting Principles, which are standards and conventions for financial reporting in the United States.

Compensation Costs

The expenses incurred by a company to pay employees, including salaries, benefits, bonuses, and social security contributions.