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Which one of the following best defines the term 'collection policy'?
Internal Failure Cost
Expenses associated with defects found before a product is delivered to the customer, including costs for rework, scrapped products, and downtime.
Quality Cost Report
A detailed analysis of the costs associated with preventing, detecting, and correcting defective work, including warranty failures.
Debugging Software Errors
The process of identifying, analyzing, and removing errors or bugs from software to ensure its proper functioning.
Prevention Cost
Expenditures made to avoid defects in products or services, including costs related to quality planning, training, and product design.
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