Which of the Following Is One of the Four Cost

question 11

Multiple Choice

Which of the following is one of the four cost categories typically found on a cost of quality report?

• A) Development costs
• B) Inventory failure costs
• C) Marketing costs
• D) Prevention costs

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Definitions:

Recorded Increases

Entries in financial records that reflect an increase in assets, revenues, or any account that adds to the net worth or net income of a company.

Debited

In accounting, this term indicates that an entry has been made to the left side of an account, increasing assets or expenses, or decreasing equity, liability, or revenue.

Proprietorship

A business structure owned by a single individual, where the owner is personally responsible for the business's debts and liabilities.

Withdrawal

Removing funds from an account, or the act of taking money out from a partnership or investment, often referring to the distribution of assets to owners or partners.