Examlex
The amount by which actual output falls short of potential output is called an expansionary gap.
National Standards Groups
Organizations dedicated to establishing norms and regulations to ensure quality, safety, and efficiency across various sectors within a country.
Switzerland
A country in Central Europe known for its mountains, lakes, and neutral political stance.
Cost of Failure
The financial, reputational, or operational losses incurred due to the unsuccessful completion of a project or task.
Cost of Conformance
The costs incurred to ensure that a product or service meets the quality standards and requirements, including prevention and testing costs.
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