What Is a Reason Interim Quality Standards Goals Are Utilized

question 189

Multiple Choice

What is a reason interim quality standards goals are utilized?

• A) For many companies, materials and services purchased are from outside parties and those suppliers need to be involved in the quality program.
• B) Internal employees of the company need to develop confidence of a zero-defect program.
• C) Interim standards allow management to see progress towards the long-term goal.
• D) all of the above

---

Definitions:

Loanable Funds

Refers to the supply of capital or funds available for borrowing within an economy.

Interest Rates

The cost of borrowing money or the compensation for the service and risk of lending money, expressed as a percentage of the principal loan amount.

Interest

The price paid for borrowing money, often expressed as a percentage of the principal amount over a certain period.

Net Present Value

A financial metric that calculates the current value of a series of future cash flows by discounting them back to the present time.