Which of the following costs are caused by the firm but are incurred and paid for by parties outside the firm?

Question

Quizplus · Accepted Answer

Unrealized external failure costs are costs that are caused by the firm but are incurred and paid for by parties outside the firm. Realized external failure costs are costs that are caused by the firm and are incurred and paid for by the firm, while both realized and unrealized internal failure costs are incurred and paid for by the firm.

Which of the Following Costs Are Caused by the Firm