Describe Four Common Types of Faults and the Key Characteristics

question 15

Essay

Describe four common types of faults and the key characteristics or motion of each.

---

Definitions:

GAAP Constraints

The limitations imposed by Generally Accepted Accounting Principles, guiding the boundaries for financial reporting and accounting practices.

Continuous Improvement

Continuous improvement is an ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.

Total Quality Management

A management approach focused on continuous improvement of processes, products, and services by involving all employees in quality-related activities.

Customer Orientation

A business strategy that focuses on creating a positive experience for customers, prioritizing their needs and satisfaction.