It Is Easier to Quantify Costs of Controlling Quality Than

question 37

True/False

It is easier to quantify costs of controlling quality than the costs of failing to control quality.

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Definitions:

Payback Period

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Internal Rate

This term is ambiguous without further context. It might refer to Internal Rate of Return (IRR), which is a method of calculating an investment's rate of return.

Cash Flows

The movement of money into and out of a business, project, or financial product.