Which Is Not a Cost of Quality

question 21

Multiple Choice

Which is not a cost of quality?

• A) prevention cost
• B) external failure
• C) extended service contracts
• D) internal failure
• E) appraisal costs

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Definitions:

Earned

Income or revenue that has been realized through the sale of goods or services.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Calendar Year

A calendar year refers to the one-year period beginning on January 1 and ending on December 31, used for most civil purposes and by many businesses for accounting and taxation.

Interim Financial Statements

Interim financial statements are reports covering a less than full fiscal year, typically quarterly or half-yearly, providing insight into a company's financial performance during the period.