The _____ is the difference between the additional money spent on prevention and the corresponding reduction in the cost of failure.
A) cost-benefit analysis
B) implicit cost
C) cost of quality
D) variable cost
E) cost-utility analysis

Question

Quizplus · Accepted Answer

The cost of quality includes all costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraising the product or service for conformance to requirements, and failing to meet requirements (rework). The difference between the additional money spent on prevention and the corresponding reduction in the cost of failure is part of the cost of quality.

The _____ Is the Difference Between the Additional Money Spent