Appraisal costs are incurred to detect poor-quality goods or services.

Name: Appraisal costs are incurred to detect poor-quality goods or services.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Appraisal costs are associated with activities that ensure that goods and services are of satisfactory quality. These costs are incurred to detect poor-quality goods or services, ensuring that defects are detected and fixed before they reach the customer. Examples of appraisal costs include inspection, testing, and quality audits.

Appraisal Costs Are Incurred to Detect Poor-Quality Goods or Services