Which Term Listed Below Describes Costs Incurred for Rework When

question 39

Multiple Choice

Which term listed below describes costs incurred for rework when the company detects poor quality goods before delivery to the customer?

• A)Lean production
• B)Value added activity
• C)Internal failure costs
• D)External failure costs

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Definitions:

Charity

An entity established to offer assistance and collect funds for individuals who require support.

Philanthropy

The act of donating money, goods, services, or time to support charitable causes or organizations for the public good.

Philanthropic Nonprofit Organizations

Entities dedicated to advancing welfare or social causes without the intent of making a profit for their owners or shareholders.

Purely Philanthropic

Activities or initiatives completely driven by a desire to promote the welfare of others, typically characterized by voluntary financial donations without expectation of any return.