Which of the Following Are the Two Costs of Controlling

question 72

Multiple Choice

Which of the following are the two costs of controlling quality?

• A)prevention costs and appraisal costs.
• B)appraisal costs and internal failure.
• C)internal failure and external failure costs.
• D)prevention costs and external failure costs.

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Definitions:

Principal Relationship

A legal relationship between two parties in which one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.

Unsecured Credit

A form of credit that is not backed by collateral, making it riskier for lenders since repayment relies solely on the borrower's creditworthiness and promise to pay.

Secondarily Liable

Refers to the condition where an individual or entity is not the primary debtor but still holds responsibility to fulfill an obligation if the primary party fails to do so.

Breach Of Warranty

A violation of the guarantees or assurances provided by a seller regarding the quality, condition, or functionality of a product.