Quality Can Improve Profitability by Reducing Costs

question 117

Multiple Choice

Quality can improve profitability by reducing costs.Which of the following is not an aspect of reduced costs by quality improvements?

• A)flexible pricing
• B)increased productivity
• C)lower rework and scrap costs
• D)lower warranty costs
• E)All of the above are aspects of reduced costs by quality improvements.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Categorical Loss

In data science, a loss function used in classification problems where the outcome is discrete and belongs to specific categories.

Stimulant Addiction

A psychological or physical dependency on substances that increase alertness, attention, and energy, often leading to harmful consequences.

Substance Use Disorder

A complex condition in which there is uncontrolled use of a substance despite harmful consequences, leading to clinically significant impairment or distress.