An IT Company Revises Its Process Parameters in Response to Complaints

question 47

Multiple Choice

 An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. Which is this an example of?

• A) cost forecasting
• B) a preventive action
• C) defect repairs
• D) a corrective action

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Definitions:

Tax Imposition

The process by which authorities levy taxes on individuals, businesses, or transactions to raise revenue for public expenditures.

Sales Tax

A tax imposed by a government on the sale of goods and services.

Tax Revenue

The financial gains secured by governments through tax revenue.

Supply Shift

A change in the quantity of a product or service that suppliers are willing and able to sell in the market, due to factors like production costs, technology, and number of sellers.