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:

Party Affiliation

The political party with which an individual identifies or is a member of.

Educational Level

Educational level refers to the highest stage of formal education or schooling completed by an individual or provided in an educational system.

Level of Significance

The criterion used for rejecting the null hypothesis, representing the probability of committing a Type I error.

Expected Frequency

The forecasted count of occurrences over a given interval, often used in statistical analysis and probability.