Which of the following best explains 'assessment 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 'assessment 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

Assessment costs are associated with the activities undertaken to identify and recognize errors in products or processes in a timely manner. This includes costs related to testing, inspections, and other forms of evaluation to ensure that standards are met and errors are identified before products reach the customer or before processes are carried out further.

Which of the Following Best Explains 'Assessment Costs