A Cost of Quality System Is Based on the Trade-Off

question 50

True/False

A cost of quality system is based on the trade-off between incurring costs to meet product (or service)specifications and the costs of failing to meet those specifications.

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Definitions:

Political Process

The methods and procedures involved in the operation of government and the enactment of policy, including election campaigns, legislative proceedings, and public administration.

Arbitrary and Capricious Terms

Describes actions or decisions made without reasonable justification, in an unpredictable manner.

Genetically Modified Seed

Seeds that have been altered using genetic engineering techniques to possess specific traits, such as resistance to pests or herbicides.

Utilitarianism

An approach to ethical reasoning in which ethically correct behavior is related to an evaluation of the consequences of a given action on those who will be affected by it. In utilitarian reasoning, a “good” decision is one that results in the greatest good for the greatest number of people affected by the decision.