Which of the Following Best Describes the Quality Control Process

question 40

Multiple Choice

Which of the following best describes the quality control process?

• A)Quality control involves determining which quality standards are relevant to a project and determining how they will be met.
• B)Quality control involves evaluating the progress of a project on an ongoing basis to ensure that it meets the deadlines.
• C)Quality control includes developing and managing a project budget.
• D)Quality control involves checking project results to ensure that they meet identified quality standards.

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Definitions:

Decision-Making Authority

The power or right allocated to individuals or groups to make decisions within an organization.

Present Value

The modern-day estimation of future financial gains or sequences of cash influxes, using a particular rate of return for calculation.

Weighted Average

A mean calculated by giving values in a data set more influence according to some attribute of the data, often used in financial calculations like inventory costs and portfolio returns.

Free Cash Flows

Free Cash Flows represent the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.