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Nidek manufactures sport swear.Classify each of the following quality costs as prevention, appraisal, internal failure or external failure.
A)Internal failure
B)Prevention
C)Appraisal
D)External failure
-Testing and inspecting of machinery
Controllability
The principle that managers should be held accountable only for those aspects of performance that they can influence or control.
Real-Time Reporting
The process of providing immediate updates and financial information as events occur, allowing for timely decision-making and analysis.
Virtual Close
A method allowing companies to quickly estimate their financial position at any given time without waiting for the formal closing process.
Flash Reporting
A type of financial report that provides an immediate snapshot of a company's financial condition, often used for internal decision-making purposes.
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