Costs That Preclude Product Defects Resulting from Flaws in Processing

question 52

Short Answer

Costs that preclude product defects resulting from flaws in processing are referred to as ______________________________.

---

Definitions:

Economic Philosophy

The study of ideologies and beliefs about how economies should work, including the evaluation of economic policies and principles.

Government Intervention

Actions taken by a government to influence or directly participate in the economic or social affairs of a nation.

Boom and Bust

A cyclical economic phenomenon involving periods of rapid growth (Boom) followed by sharp declines (Bust).

Autonomy Paradox

Although professionals generally value control over their work processes, with the constant connectivity offered by information and communication technologies (ICTs), they willingly limit their autonomy.