What is the other name of intangible costs?

What is the other name of intangible costs?

a) Hidden Costs
b) Prevention Costs
c) Appraisal Costs
d) Internal Failure Costs

Answer: a
Explanation: The other name of intangible costs is Hidden Costs. They are the cost associated with providing a non-conforming product or service to a customer that is difficult to identify and quantify.

More Questions on Cost of Quality

  1. Evaluation of field stock and spare parts fall under the category of ______
  2. Receiving or incoming inspections and tests fall under the category of ______
  3. Retrofit costs fall under the category of _______
  4. Quality improvement, Quality education, and Quality performance reporting fall under the category of _______
  5. Which of the following does not belong to External Failure Costs?
  6. Which of the following does not belong to Internal Failure Costs?
  7. Which of the following does not belong to Internal Failure Costs?
  8. Which of the following does not belong to Prevention Costs?
  9. Which of the following does not belong to Prevention Costs?
  10. Mathematically the cost of quality equals to _______

Comments