Which of the Following Is an Example of a Cost

question 103

Multiple Choice

Which of the following is an example of a cost item that should be classified as an internal failure cost?

• A)Inspection costs
• B)Employee training costs
• C)Rework costs
• D)Product return costs

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Definitions:

Contest

A competition where participants strive to win by surpassing others in some criteria.

Relationship Selling

A sales approach that focuses on building long-term relationships with customers rather than on individual transactions.

Multi-Level Marketing

A direct sales strategy where individuals sell products and recruit others to sell, earning commissions from their sales and the sales of the team they recruit.

Loyalty Selling

A sales strategy focused on creating and maintaining long-term relationships with customers to encourage repeat business.