The Recession of 1937-38 Had Two Basic Causes: (1)________________________;and (2)________________________

question 20

Short Answer

The recession of 1937-38 had two basic causes: (1)________________________;and (2)________________________.

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Definitions:

Prevention Costs

Costs associated with actions taken to avoid defects in products or services before they happen.

Appraisal Costs

Costs associated with evaluating and inspecting products or services to ensure they meet quality standards.

Quality Cost Report

A summary of the total expenses associated with preventing, detecting, and correcting defects in products, including appraisal, prevention, and failure costs.

Prevention Costs

Expenses incurred to prevent defects in products or services, including costs of quality planning, training, and preventive maintenance.