Identity the Following by Their Type of Quality Cost

question 71

Multiple Choice

Identity the following by their type of quality cost.
-Operator training

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

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Definitions:

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a specific period.

Cash Payments

Cash Payments are transactions wherein monetary exchange occurs through the transfer of physical currency or electronic equivalents for goods, services, or debts.

Flexible Budgeting

A budgeting process that adjusts for changes in the volume of activity, allowing companies to create more accurate budget estimates based on actual performance.

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or services.