Which of the following best explains 'prevention costs'?
A) The cost of preventing errors.
B) The cost related to the timely recognition lf errors.
C) The costs that result from rectifying mistakes.
D) Accreditation costs.

Question

Which of the following best explains 'prevention costs'? 
A) The cost of preventing errors. 
B) The cost related to the timely recognition lf errors. 
C) The costs that result from rectifying mistakes. 
D) Accreditation costs.

Quizplus · Accepted Answer

Prevention costs refer to the cost incurred by an organization for preventing defects, errors, and other quality-related problems before they occur. These costs can include training, quality planning, quality improvement activities, and process control, among others.

Which of the Following Best Explains 'Prevention Costs