Costs Incurred to Keep Quality Defects from Occurring Are Classified

question 51

Multiple Choice

Costs incurred to keep quality defects from occurring are classified as:

• A)Customer-failure costs.
• B)Appraisal costs.
• C)Internal failure costs.
• D)Prevention costs.
• E)Detection costs.

Describe the concept of regulatory capture and its implications on industry regulation and economic efficiency.

Analyze the impact of political behavior, including lobbying and vote trading (logrolling), on government decision making and policy outcomes.

Understand the concept of limited and bundled choice in elections and its implications for public choice.

Understand the differences between dispositional and situational attributions.