Quality Assurance Is Defined as

question 8

Multiple Choice

Quality assurance is defined as

• A)conformance of a product or process with pre-established specifications
• B)documented evidence that provides a high degree of assurance that a specific process will consistently produce a product meeting predetermined specifications
• C)monitoring performed to ensure that the quality system is being adhered to and is effective
• D)standardization of an analytic instrument

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Definitions:

Reinvested

The process of using earned profits or dividends to purchase additional shares or assets, rather than distributing them as dividends.

Investment

Allocation of resources, such as time, money, or effort, in hope of future benefits or returns.

Future Value

The eventual worth of an asset or cash that matches the value of a predetermined present sum.

Compounding

The process where the value of an investment increases because the earnings on an investment, both capital and interest, earn interest as time passes.