Reasons for Building an Economic Case for Quality May Include

question 126

Multiple Choice

Reasons for building an economic case for quality may include:

• A) The case expresses quality in the language of management. II. The approach justifies quality initiatives in dollars and cents. III. The Sarbanes-Oxley Act requires it. IV. Quality is typically treated as a cost rather than as an investment.
• B) The economic case for quality allows for comparison of it with other major investments or projects.
• C) III only
• D) I, II, IV, and V
• E) IV and V only
• F) I and II only

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Definitions:

Unit Increase

A term typically used in statistical or mathematical contexts to denote an increment of one in the value of a variable or parameter.

Holding Constant

A method in statistical analysis where other variables are kept fixed while examining the effect of a particular variable.

Multiple Regression

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.

Coefficients

Numerical or constant factors in an algebraic expression that multiply the variables or terms.