Quality Measured with Reference to Price Is Captured by the Notion

question 105

Multiple Choice

Quality measured with reference to price is captured by the notion of:

• A) conformance to specifications.
• B) value.
• C) fitness for use.
• D) psychological impressions.

---

Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of retirement planning.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, intended to support retirement.

Quarterly

Occurring or done every three months.

Compounded

A method of calculating interest where previously earned interest is added to the principal amount, and then future interest is calculated on the new total.