Which of the Following Statements Regarding Quality Costs Is(are)false? (A)In

question 18

Multiple Choice

Which of the following statements regarding quality costs is(are) false? (A) In a cost of quality system,internal and external failure costs are called conformance costs.(B) Prevention costs are costs incurred to detect individual units of product that do not conform to its specifications.

• A) Only A is false.
• B) Only B is false.
• C) Both A and B are false.
• D) Neither A nor B is false.

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Definitions:

Brown Bears

Brown bears are large bear species found across various parts of northern Eurasia and North America, known scientifically as Ursus arctos.

Beginning Inventory

The amount of inventory that a business has on hand at the start of an accounting period.

Net Sales

The total revenue a company receives from its activities after deducting returns, allowances for damaged or missing goods, and discounts.

Markup

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.