Education ____ Create External Benefits; It ______ Provide a Valuable

question 196

Multiple Choice

Education ____ create external benefits; it ______ provide a valuable signally function.

• A)​Does; does
• B)​Does, does not
• C)​Does not; does
• D)​Does not; does not

---

Definitions:

Appraisal Cost

Costs associated with ensuring that a product or service meets quality standards, including inspection and testing.

Testing Incoming Materials

The process of evaluating the quality and specifications of raw materials or components before they are used in production.

Suppliers

Entities that provide goods or services to another entity, typically as part of a supply chain.

Internal Failure Cost

Costs incurred when a product does not meet quality standards before being shipped to the customer, including scrap, rework, and downtime.