Examlex
Which of the following statements provides the clearest example of second-order thinking?
Return on Investment (ROI)
Return on Investment measures the gain or loss generated on an investment relative to the amount of money invested.
Appraisal Costs
Costs associated with measuring, evaluating, or auditing products or services to ensure they meet quality standards and regulatory compliance.
Internal Failure Costs
Costs that are incurred as a result of identifying defective products before they are shipped to customers.
External Failure Costs
Costs that occur after a product has been delivered to the customer and a defect has been found, including returns, repairs, and warranty claims.
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