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The number of futures contracts outstanding is called
Quality Cost Report
A financial report that quantifies the total cost of quality-related activities, including prevention, appraisal, and failure costs.
Quality Improvement
The process of making changes to operations to increase the efficiency and effectiveness of products, services, and processes.
External Failure Cost
Costs incurred when a product fails to meet quality standards after it is delivered to the customer, including returns, repairs, and warranty claims.
Quality Cost Report
A document that outlines the expenses associated with preventing, detecting, and correcting defective work or products.
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