Which of the following best characterizes unrealized external failure costs?
A)They are also called societal costs,
B)They are paid for by the firm.
C)They are not caused by the firm.
D)They include the costs of treating toxic materials.

Question

Quizplus · Accepted Answer

Unrealized external failure costs are often referred to as societal costs because they represent the costs of quality failures that extend beyond the company to affect the broader society, such as environmental damage or health issues, which are not directly borne by the company.

Which of the Following Best Characterizes Unrealized External Failure Costs