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Match the Following Terms with Their Correct Descriptions/definitions

question 101

Multiple Choice

Match the following terms with their correct descriptions/definitions.

-Loss of intellectual abilities with impairment of memory, judgment, and reasoning


Definitions:

Value-Added Ratio

The ratio of the value-added lead time to the total lead time.

External Failure Cost

Costs incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and lost sales.

External Failure Cost

External failure costs are expenses incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and lost sales.

Value-Added

The enhancement a company gives its product or service before offering the product to customers, increasing its value.

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