There is typically an inverse relationship between prevention costs and failure costs.

Question

Quizplus · Accepted Answer

Prevention costs are the costs incurred to prevent defects from occurring, while failure costs are the costs incurred when defects occur. As an organization increases its investment in prevention activities, the likelihood of defects occurring reduces, leading to a decrease in failure costs. Therefore, there is an inverse relationship between prevention costs and failure costs.

There Is Typically an Inverse Relationship Between Prevention Costs and Failure