Internal Failure Costs Include

question 78

Multiple Choice

Internal failure costs include

• A)field repairs.
• B)rework.
• C)liability claims
• D)warranty expenses.
• E)supplier evaluations.

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Definitions:

Form 1099-DIV

A tax form issued by banks and financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year.

Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.

Tax-exempt Interest

Interest income that is not subject to federal income tax, such as that earned from certain municipal bonds.

Interest on a Savings Account

The amount paid by a bank or financial institution to depositors for holding money in a savings account.