The Cost of Quality Measure Has All of the Following

question 38

Multiple Choice

The Cost of Quality measure has all of the following advantages EXCEPT

• A) being a useful measure of comparing different quality improvement projects.
• B) serving as a common denominator for evaluating tradeoffs among prevention and failure costs.
• C) focusing on how costly poor quality can be.
• D) being indicators of long-term performance.
• E) setting priorities for achieving maximum cost reduction.

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Definitions:

English Common Law

A body of law developed in England that forms the basis for the legal system in English-speaking countries.

Partnership Capital

The total resources or assets contributed by partners to a partnership for starting or maintaining the business operations.

Cash

Money in the form of currency, such as banknotes and coins, which is used for transactional purposes.

Property

A broad term encompassing ownership rights over goods, land, intellectual property, and other tangible or intangible assets.