In a Typical Cost of Quality (COQ) Report, Instructor Fees

question 53

Multiple Choice

In a typical Cost of Quality (COQ) report, instructor fees for quality training would be classified as:

• A) Prevention costs.
• B) Retention costs.
• C) Appraisal costs.
• D) Internal failure costs.
• E) External failure costs.

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Definitions:

Tax

is a compulsory financial charge or some other type of levy imposed on a taxpayer by a government organization in order to fund government spending and various public expenditures.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price or other economic variable.

Buyer

A person or entity that purchases goods or services from another in exchange for money.

Tax

A non-optional financial assessment or alternate form of contribution demanded from a taxpayer by a governmental administration for the purpose of allocating funds for government usage and various public expenditure needs.