Cost of Quality: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the cost of quality?

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1. What is an example of the cost of quality?

2. What is a tangible cost on sales?

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About This Quiz & Worksheet

Check your understanding of calculable and incalculable costs associated with quality with this quiz and worksheet. The quiz contains questions about term definitions and examples of this concept.

Quiz & Worksheet Goals

This quiz/worksheet combo will measure your ability to:

  • Explain what cost of quality means
  • Identify an example of the cost of quality
  • Define tangible cost on sales
  • Recognize examples of tangible and intangible costs

Skills Practiced

  • Distinguishing differences - compare and contrast tangible and intangible costs
  • Defining key concepts - ensure that you can accurately define main phrases, such as tangible costs on sales and cost of quality
  • Information recall - access the knowledge you've gained regarding examples of concepts discussed in the lesson

Additional Learning

A more thorough explanation of these business concepts can be found in the lesson Cost of Quality: Definition & Examples. You will study:

  • What cost of quality is
  • Definitions of tangible costs on production and tangible costs on sales
  • Examples of tangible costs
  • A fictitious scenario detailing how these concepts are applied
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