A Cost of Quality Classification Is Which of the Following

question 31

Multiple Choice

A cost of quality classification is which of the following?

• A) Material costs
• B) Prevention costs
• C) Variable overhead
• D) Direct labor
• E) Inventory costs

---

Definitions:

Inflation Rate

The level of acceleration in the general cost of goods and services, weakening the purchasing capacity.

Norwegian Security

A financial instrument issued in Norway or by a Norwegian entity, including stocks, bonds, or any other type of security traded in the financial markets.

Real Rate

The real rate is the interest rate that has been adjusted to remove the effects of inflation, reflecting the true cost of borrowing or the true return on investment.

Canadian Dollars

The currency of Canada, represented by the symbol CAD or commonly referred to as the "loonie."