The financial cost of quality measures serves as a common denominator for evaluating trade-offs among prevention costs and failure costs.

Question

Quizplus · Accepted Answer

The financial cost of quality measures is used to determine the optimal balance between the costs of preventing defects and the costs of correcting them. This helps organizations make informed decisions about where to invest their resources to improve quality and reduce costs. Therefore, the statement is true.

The Financial Cost of Quality Measures Serves as a Common