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Components of the Total Cost of Quality

question 59

Essay

Components of the total cost of quality
Explain how it is possible to reduce the total cost of quality by increasing the amount spent on prevention and appraisal activities.


Definitions:

Declaration Date

The date on which a company's board of directors announces its next dividend payment.

Board of Directors

A group of individuals elected by shareholders to oversee the management and major decisions of a corporation.

Dividend Payment

The distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional stock.

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