A Basis Point Is Defined as _________ Percent

question 90

Multiple Choice

A basis point is defined as _________ percent.

• A) 0.0001
• B) 0.001
• C) 0.01
• D) 0.1
• E) 1

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Definitions:

Processing Time

The amount of time required to complete a particular process, often used in manufacturing and computer operations.

Failing to Control Quality

A detrimental situation where an organization does not manage or uphold the standard of its products or services.

Prevention Costs

Costs incurred to prevent faults or errors in products or services, typically including quality control and training expenses.

External Failure Costs

The costs incurred after defective units or services have been delivered to consumers.