List and Describe the Six Elements of Quality Control

question 46

Essay

List and describe the six elements of quality control. Who establishes the standards for quality control?

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Definitions:

Disagreement Value

The value that each party in a negotiation believes they can obtain if the current negotiations dissolve without an agreement.

Bonus

Extra payment made to employees as an incentive or reward above their regular salary.

Bonus

An additional compensation awarded to employees as a reward for their performance beyond their usual salary.

Stock Outs

Occurs when an inventory item is not available in stock, leading to potential lost sales.