Which of the Following Cost of Quality Categories Represent the Cost

question 67

Multiple Choice

Which of the following cost of quality categories represent the cost incurred to seek and find a new supplier that can provide quality raw materials compared to the low-quality raw materials received from a current supplier?

• A)Prevention costs
• B)Appraisal costs
• C)Internal failure costs
• D)External failure costs

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Definitions:

Surplus

The condition in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Foreign Currency

Currency used in a country other than one's own, involved in international trade, investments, and travel.

Quota

A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time.

Demand Curve

A visual diagram that illustrates how the amount of a product that purchasers are ready to buy varies with its price.