Internal Failure Costs Are Costs Associated with Errors That Are

question 45

True/False

Internal failure costs are costs associated with errors that are dealt with inside the operation.

---

Definitions:

Rate Of Return

The increase or decrease in the value of an investment within a defined timeframe, represented as a percent of the investment's initial price.

Portfolio

A diversified collection of investments held by an individual or institution, which may include stocks, bonds, and other assets.

Mill Rate

A tax rate used to calculate local property taxes, expressed in a millage rate, which is one thousandth of a currency unit.

Agricultural Land

Land designated for the purpose of farming and cultivation to produce food and other agricultural products.