Conducting a Quality Audit Is an Appraisal Cost

question 30

True/False

Conducting a quality audit is an appraisal cost.

---

Definitions:

EQ

Emotional Quotient, a measure of a person's emotional intelligence, indicating their ability to sense, understand, and effectively apply the power of emotions to facilitate high levels of collaboration and productivity.

Efficient Use

The practice of using resources in a way that maximizes productivity while minimizing waste.

Objectives

Specific, measurable goals that are aimed to be achieved within a certain timeframe.

Strategy Plan

A comprehensive plan that outlines an organization's direction, objectives, and the actions required to achieve these objectives.