Failure Mode and Effects Analysis Is an Important Technique Used

question 30

True/False

Failure mode and effects analysis is an important technique used to develop ISO 9000-compliant systems by both evaluating reliability and determining the effects of system and equipment failures.

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Definitions:

Natural Resources

Raw materials and resources found in the environment that are used for economic gain, such as minerals, forests, water, and fertile land.

Net Benefits

The difference between the total benefits and total costs associated with an economic decision or project.

Greater Extraction

Refers to the increased removal of natural resources, such as minerals, fossil fuels, or timber from the environment, often for commercial purposes.

Best Use

The most efficient or profitable use of a resource, property, or asset, taking into consideration its potential to generate the highest return or utility.