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What Are the Five Major Cost Categories Related to Quality

question 28

Essay

 What are the five major cost categories related to quality? Briefly describe each category.


Definitions:

Promissory Note

A financial document in which one party (the maker) promises to pay another party (the bearer) a definite sum of money, either on a specific date or upon demand.

Indorsement

An alternative spelling for endorsement; the act of signing one's name on a document to validate it or transfer its ownership.

Tort of Conversion

A legal term referring to the wrongful possession or use of property without permission, effectively converting it from the owner's possession to the wrongdoer's.

Forge

To form or shape metal objects by heating and hammering, or to create or produce something with skill and careful attention.

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