Which of the Following Dimensions Are Quality Costs

question 32

Multiple Choice

Which of the following dimensions are quality costs? 

• A) The costs that result from preventing mistakes. 
• B) The cost of energy consumption. 
• C) The cost of cancelled orders. 
• D) The reputational costs.

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Definitions:

Goods and Services

Physical items that can be purchased (goods) and intangible assistance or activities provided for consumption (services).

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Saving Rate

The portion of income that is not spent on consumption but is saved or invested for future use.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold; countries agree to convert currency into a fixed amount of gold.