Solved

Match the Following Terms with the Definitions Listed Below

Question 81

Matching

Match the following terms with the definitions listed below.

Premises:
Time spent on activities that add worth to the company's products, services, or processes.
A cost incurred to fix mistakes after the mistakes become know by the customer.
A cost incurred to prevent mistakes from occurring.
A cost incurred to fix mistakes before the mistakes become known to the Customer
The cost incurred to detect mistakes as early in the process as possible.
The amount of time from when a customer places an order until the order is received.
Responses:
Customer response time
Prevention cost
External failure cost
Appraisal cost
Internal failure cost
Value-added time

Correct Answer:

Time spent on activities that add worth to the company's products, services, or processes.
A cost incurred to fix mistakes after the mistakes become know by the customer.
A cost incurred to prevent mistakes from occurring.
A cost incurred to fix mistakes before the mistakes become known to the Customer
The cost incurred to detect mistakes as early in the process as possible.
The amount of time from when a customer places an order until the order is received.
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